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S&P upgrades Adani Ports to BBB; cites strong cash flows, balance sheet strength

New Delhi, Jun 25: S&P Global Ratings on Thursday upgraded Adani Ports and Special Economic Zone (APSEZ) to investment-grade BBB from BBB-, citing its robust cash generation, strengthening balance sheet and ability to fund an ambitious expansion plan while maintaining healthy leverage. The rating agency assigned a stable outlook on APSEZ, reflecting the expectation that […]
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