India-Rating assigns ‘AA+’ rating to Adani Ports’ Rs 1,000 cr issue

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New Delhi | Updated: August 1, 2016 9:27:37 PM

Adani Ports and Special Economic Zone Ltd today said India Ratings & Research has assigned final 'IND AA+' rating with Stable Outlook for proposed non-convertible debentures (NCDs) of Rs 1,000 crore.

Last month Adani Ports and Special Economic Zone (APSEZ) had said it has raised Rs 1,000 crore by alloting Non-Convertible Debentures (NCDs) on private placement basis. (Reuters)Last month Adani Ports and Special Economic Zone (APSEZ) had said it has raised Rs 1,000 crore by alloting Non-Convertible Debentures (NCDs) on private placement basis. (Reuters)

Adani Ports and Special Economic Zone Ltd today said India Ratings & Research has assigned final ‘IND AA+’ rating with Stable Outlook for proposed non-convertible debentures (NCDs) of Rs 1,000 crore.

“India Ratings & Research has assigned “Provisional IND AA+” rating with a stable outlook for proposed Non-Convertible Debentures (NCDs) of Rs 1,000 crore to the Company, Adani Ports and Special Economic Zone Ltd has now informed BSE that India Ratings & Research Private Limited has assigned final ‘IND AA+‘ rating with Stable Outlook for the aforesaid NCDs,” the company said in BSE filing.

Last month Adani Ports and Special Economic Zone (APSEZ) had said it has raised Rs 1,000 crore by alloting Non-Convertible Debentures (NCDs) on private placement basis.

“The company has raised Rs 1,000 crore… on July 18, 2016 by allotment of 10,000 Rated, Listed, Secured, Taxable, Redeemable, Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each on private placement basis,” the company said had said in a filing to BSE.

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