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
19 June, 2018 23:18 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
Cipla receives final approval for generic Sustiva - 19-Jun-2018 16:22
Dr. Reddy's Lab launches Levetiracetam in NaCl injection - 19-Jun-2018 12:23
Zydus Cadila receives tentative approval for Tadalafil tablets - 19-Jun-2018 12:22
Tata Power partners IDFC Bank for digitized solution in Mumbai - 19-Jun-2018 11:21
ICICI Bank board appoints Sandeep Bakhshi as COO - 19-Jun-2018 11:00
Cords Cable wins bulk order worth Rs 472 mn - 19-Jun-2018 09:59
Glenmark Pharma gets approval for North California facility - 19-Jun-2018 09:55
Strides Shasun receives USFDA nod for Ketoconazole tablets - 19-Jun-2018 09:50
Dr. Reddy's defends right to launch Buprenorphine and Naloxone Sublingual Film - 18-Jun-2018 12:40
Lupin, Nichi-Iko in pact for commercialisation of Etanercept in Japan - 18-Jun-2018 11:38
Yes Bank gets SEBI approval for offering custodial services - 18-Jun-2018 10:06
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