Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
25 July, 2017 00:21 IST
Fitch assigns 'BBB-(EXP)' rating to Adani Ports' proposed USD notes
Source: IRIS | 20 Jun, 2017, 01.29PM
Comments  |  Post Comment

Fitch Ratings has assigned India-based Adani Ports and Special Economic Zone (APSEZ, BBB-/Stable) proposed senior unsecured US dollar notes an expected rating of 'BBB-(EXP)'.

The agency expects the proceeds to be primarily used for refinancing the company's outstanding debt and its capital expenditure.

The notes are rated at the same level as APSEZ's senior unsecured debt rating as they will constitute direct, unsubordinated and unsecured obligations of APSEZ. The final rating is contingent upon the receipt of final documents conforming to information already received.

Shares of the company gained Rs 1.45, or 0.39%, to trade at Rs 375.15. The total volume of shares traded was 128,053 at the BSE (1.21 p.m., Tuesday).



Adani Ports and Special Economic Zone Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Moody's affirms ratings of seven and downgrades ratings of two Indian public sector banks - 24-Jul-2017 16:28
Moody's affirms ratings of seven and downgrades ratings of two Indian public sector banks - 24-Jul-2017 16:28
Moody's affirms ratings of seven and downgrades ratings of two Indian public sector banks - 24-Jul-2017 16:28
Moody's affirms ratings of seven and downgrades ratings of two Indian public sector banks - 24-Jul-2017 16:28
Moody's affirms ratings of seven and downgrades ratings of two Indian public sector banks - 24-Jul-2017 16:28
Moody's affirms ratings of seven and downgrades ratings of two Indian public sector banks - 24-Jul-2017 16:28
Moody's affirms ratings of seven and downgrades ratings of two Indian public sector banks - 24-Jul-2017 16:28
Moody's affirms ratings of Axis Bank, ICICI Bank; revises outlooks to stable - 24-Jul-2017 16:22
Moody's affirms ratings of Axis Bank, ICICI Bank; revises outlooks to stable - 24-Jul-2017 16:22
Ashok Leyland bags order worth Rs 6.50 bn - 24-Jul-2017 15:51
Reliance Capital holders approve demerger scheme - 24-Jul-2017 15:39
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer