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Prospect News home > News index > List of issuers A > Headlines for Adani Ports and Special Economic Zone Ltd. > News item |
S&P gives Adani Ports notes BBB-
S&P said it assigned its BBB- long-term issue rating to Adani Ports and Special Economic Zone Ltd.'s planned $750 million of senior unsecured notes.
Adani, also rated BBB-, plans to use part of the proceeds to fund Rs 30 billion-Rs 35 billion of planned capital expenditures in fiscal 2022 with the year ending March 31, 2022, and the remainder for general corporate purposes.
The outlook is stable.
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