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Adani Enterprises on Wednesday said that its long-term rating has been upgraded to AA Stable, the highest-ever rating in its credit history. The company said the upgrade serves as an independent validation of AEL’s disciplined capital management and tight fiscal prudence.
“AEL has constantly strengthened its credit profile over the last seven years while executing an ever-increasing core infrastructure-led capex. AEL’s stronger credit profile further enhances the resilience of its unique incubation platform and assures long-term value for its stakeholders.”
According to the regulatory filing, CARE Ratings has provided a credit rating update for various facilities and instruments of Adani Enterprises Limited. The rating on long-term bank facilities worth ₹4,000 crore was upgraded from CARE AA- to Stable to CARE AA- Stable.
Additionally, the rating on long-term/short-term bank facilities worth ₹16,505 crore was upgraded from CARE AA-Stable to CARE A1+ to CARE AA-Stable / CARE A1+, reflecting an upgrade in the long-term rating.
Similarly, the long-term ratings on Non-Convertible Debentures (NCDs) across three tranches of ₹954.96 crore, ₹2,000 crore, and ₹3,000 crore were upgraded from CARE AA- to Stable. Meanwhile, the ratings on short-term bank facilities worth ₹240 crore and commercial paper worth ₹2,000 crore were reaffirmed at CARE A1+.
In the last six months, the stock has jumped 44%, compared with a nearly 1% decline in the benchmark Sensex. Year-to-date, it is up 22%, against a 14% decline in the Sensex.
Adani Enterprises' share price hit a 52-week high of ₹3,245 on 6 July, after hitting a 52-week low of ₹1,753.45 on 30 March this year. In its latest report, brokerage firm Motilal Oswal Financial Services maintained a buy call on the stock, with a target price of ₹3,880.
The positive outlook came after the company's subsidiary, Adani Airport Holdings (AAHL), entered into a share subscription agreement and a shareholders’ agreement to raise ₹9,800 crore from a consortium of investors comprising Alpha Wave Global, Premji Invest, Temasek, and BlackRock-managed funds.
In terms of financial performance, the company reported a consolidated net loss of ₹1,160 crore for the June-ended quarter, primarily due to a one-time charge of ₹2,644 crore, which was paid as a settlement amount to the US Office of Foreign Assets Control (OFAC).
The company's revenue surged 49.9% YoY to ₹32,924 crore, up from ₹21,961 crore in the corresponding quarter of the previous financial year.
Disclaimer: We advise investors to check with certified experts before making any investment decisions.
Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends.
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