S&P Retains Adani Rating At 'BBB-' With Stable Outlook

New Delhi: S&P Global Ratings on Thursday said it has affirmed its preliminary 'BBB-' long-term corporate credit rating on Adani Transmission Ltd (ATL) on stable outlook. It also affirmed its preliminary 'BBB-' long-term issue rating on the company's proposed issuance of Indian rupee-denominated senior secured notes. "The rating on ATL reflects our expectations of stable cash flows driven by a favourable regulatory environment, the...