Fitch stabilizes four Indian issuers view

Fitch Ratings said it revised the outlook on the long-term foreign-currency issuer default rating of Adani Ports and Special Economic Zone Ltd. and the U.S. dollar bonds issued by Adani Green Energy Ltd. Restricted Group 2, Adani International Container Terminal Private Ltd. and Adani Transmission Ltd.'s restricted group to stable from negative and affirmed the ratings at BBB-.

“The outlook revision follows the revision of the outlook on India's long-term foreign-currency IDR to stable from negative on June 10, 2022. The rating was affirmed at BBB-,” Fitch said in a press release.

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