Fitch Keeps Adani Energy Off Rating Watch Negative

New Delhi: Fitch Ratings has removed Adani Energy Solutions Ltd from a rating watch and assigned it a negative outlook, saying Adani group has demonstrated adequate funding access since the US indictment of its key executives.

Fitch Ratings affirmed Adani Energy Solutions Limited’s (AESL) long-term foreign- and local-currency issuer default ratings (IDRs) at ‘BBB-’.

“The ratings have been removed from Rating Watch Negative and assigned a Negative Outlook,” it said in a statement.