Moody’s assigns Baa3 Rating with negative outlook to Adani Ports’ proposed USD bonds

Moody’s Investors Service has assigned a Baa3 rating with negative outlook, to the proposed USD senior unsecured bonds to be issued by Adani Ports and Special Economic Zone Ltd (APSEZ), the biggest port developer and operator in India with an annual capacity of 426 million tonnes. The issuer rating and the rating of APSEZ’s existing …

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