Adani Ports credit ratings affirmed by India Ratings

Adani Ports and Special Economic Zone Limited announced on October 16, 2025, that India Ratings and Research Pvt. Ltd. has affirmed the credit ratings for its facilities. The proposed non-convertible debentures (NCDs) and existing NCDs, with issue sizes of Rs. 50 billion and Rs. 58.52 billion respectively, received an affirmed rating of IND AAA/Stable.

The company's commercial paper, totaling Rs. 67 billion, was affirmed at IND A1+. Additionally, bank loan facilities, amounting to Rs. 10 billion, were affirmed with a dual rating of IND AAA/Stable/IND A1+. All ratings indicate an "Affirmed" action by the agency.