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Adani Enterprises' credit ratings upgraded by CARE Ratings, reflecting fiscal prudence

(07-Oct-26   18:43)

Adani Enterprises Ltd. has announced updates to its credit ratings from CARE Ratings Limited, including an upgrade of its long-term rating to AA Stable, representing the highest rating in the company’s credit history, reflecting disciplined capital management and fiscal prudence. CARE Ratings revised the long-term / short-term bank facilities from CARE AA- ; Stable / CARE A1+ to CARE AA; Stable / CARE A1+ for an amount of Rs 16,505.00 crore, upgraded the long-term bank facilities from CARE AA- ; Stable to CARE AA for Rs 4,000.00 crore, reaffirmed the short-term bank facilities at CARE A1+ for Rs 240.00 crore, upgraded the Non-convertible debentures from CARE AA- ; Stable to CARE AA; Stable for Rs 954.96 crore and Rs 2,000.00 to Rs 3,000.00, and reaffirmed the Commercial Paper at CARE A1+ for Rs 2,000.00, with no other rating agencies or instruments mentioned in the disclosure.