Mobily. Mumbai, Dec 8 – Moody’s upgraded the credit ratings of two entities linked to Adani Green Energy Limited (AGEL). Both AGEL‑RG1 and AGEL‑RG2 are now rated “Ba1/Stable,” a step up from the earlier “Ba1/Negative.”
The U.S. financial services group also improved the rating of Adani Energy Solution Limited (AESL) for its AESL–USPP RG1, moving it to “Baa3/Stable” from “Baa3/Negative.”
Under Adani’s transport and logistics division, Adani International Container Terminal Pvt Ltd (AICTPL) received a similar enhancement, with its rating climbing to “Baa3/Stable” from “Baa3/Negative.”
Earlier this year, the major rating agencies Fitch, S&P, and CareEdge Global had already upgraded several other Adani Group companies. Fitch raised the standings of Mumbai International Airport Ltd, North Queensland Export Terminal, Adani International Container Terminal Pvt Ltd, Adani Ports & Special Economic Zone Ltd (APSEZ), Adani Energy Solutions Ltd, and Adani Electricity Mumbai Limited.
S&P also elevated the ratings of AGEL and AESL entities, and it gave a rating boost to APSEZ. CareEdge Global assigned “BBB+/Stable” to Adani Electricity Mumbai Limited and Mumbai International Airport Ltd.
Adani’s portfolio posted impressive results in the first half of FY 26, spending ₹67,870 cr (≈$7.6 bn) on capex while achieving an all‑time high EBITDA of ₹47,375 cr ($5.3 bn).
The increase in capital expenditure lifted the company’s gross assets to ₹6,770,29 cr ($76 bn), keeping it on track with the ₹1,50,000 cr capex target.
Trailing‑twelve‑month EBITDA now stands at ₹92,943 cr ($10.4 bn), an 11.2 % year‑on‑year rise, with “AAA” rated assets contributing to 52 % of the total EBITDA.
“Our core infrastructure businesses continue to deliver strong double‑digit growth even as we execute one of the largest capex programmes, aligned with India’s Viksit Bharat capex super cycle. Adjacency businesses are also showing momentum,” said Adani Group’s Group CFO Jugeshinder Singh.
He added, “In H1 FY26, we recorded our highest‑ever capex in the first half despite seasonal factors. Importantly, our debt metrics continue to remain below the guided range even after doubling capex to ₹1,50,000 cr – reflecting strong financial discipline.”
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in world News on Latest NewsX. Follow us on social media Facebook, Twitter(X), Gettr and subscribe our Youtube Channel.
