Ahmedabad: The Japanese credit rating agency JCRA has assigned long-term foreign currency credit ratings with a stable outlook to three Adani Group companies—Adani Ports and SEZ (APSEZ), Adani Green Energy Limited (AGEL), and Adani Energy Solutions Limited (AESL).
JCRA has rated APSEZ at A- (stable), while both AGEL and AESL have been given BBB+ (stable) ratings. These ratings are on par with India’s sovereign rating of BBB+.
Adani Group’s Chief Financial Officer Jugeshinder Singh stated, “These significant ratings reflect the Adani Group’s disciplined financial management, strong balance sheet foundation, and our commitment to world-class execution across diverse infrastructure.”
Singh further added, “They confirm the depth and strength of our business model and demonstrate the confidence placed in our long-term strategy by global lenders, institutional investors, and capital markets. This support reinforces our position as a leading partner in India’s infrastructure development and strengthens our commitment to sustainable, high-quality growth.”
The robust rating for Adani Ports underscores its strong credit profile, diversified asset base, and solid cash flow generation capacity. It places the company among a select group of Indian infrastructure firms receiving ratings above the sovereign level from a major international agency.
These ratings are among the first instances where Indian infrastructure platforms have been evaluated at such levels by JCRA, highlighting Adani Group’s growing engagement with global rating agencies and its increasing alignment with international credit standards.
The rating agency noted that APSEZ’s creditworthiness is on par with its subsidiary group, citing its superior infrastructure capabilities, consistently strong profits, stable long-term cash flows, and prudent financial management as reasons for the rating being above India’s sovereign foreign currency rating.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
