S&P upgrades Adani Ports to BBB; cites strong cash flows, balance sheet strength
The rating agency assigned a stable outlook on APSEZ, reflecting the expectation that the company will sustain strong operating performance over the next 12-24 months and keep its net debt-to-EBITDA ratio at around 2.6 times despite elevated capital spending
The rating agency assigned a stable outlook on APSEZ, reflecting the expectation that the company will sustain strong operating performance over the next 12-24 months and keep its net debt-to-EBITDA ratio at around 2.6 times despite elevated capital spending
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