Adani Companies Achieve Japanese Credit Ratings from JCR

Adani Energy Solutions Ltd, Adani Ports & SEZ Ltd, and Adani Green Energy Ltd have been rated by the Japan Credit Rating Agency (JCR). Adani Ports & SEZ Ltd received an ‘A-‘ rating with a stable outlook, which is a notch above India’s sovereign rating. Adani Green Energy Ltd and Adani Energy Solutions Ltd both received ‘BBB+’ ratings, which are at par with India’s sovereign rating. These ratings are significant as they represent a rare instance of an Indian corporate surpassing the sovereign threshold by an international rating agency.

The financial assessment by JCR highlights the creditworthiness of Adani Ports & SEZ Ltd, citing its superior infrastructure capabilities, strong profitability, and stable long-term cash flows. The company has maintained a conservative net-debt-to-EBITDA ratio and a strong liquidity position. Adani Green Energy Ltd’s rating reflects its leadership in renewable energy, supported by high-quality long-term power purchase agreements and robust operational capabilities. Adani Energy Solutions Ltd’s rating underscores its role in strengthening India’s energy infrastructure through its extensive transmission and distribution network.

Operationally, Adani Ports & SEZ Ltd manages a diversified portfolio of 15 domestic and 4 international ports, handling a significant portion of India’s cargo and container volumes. Adani Green Energy Ltd has expanded its operational capacity to over 16.7 GW, with a focus on renewable energy. Adani Energy Solutions Ltd operates a transmission network of 26,705 ckm and serves nearly 13 million consumers in its distribution business. These operational capabilities contribute to the companies’ strong credit profiles and stable cash flows.

The ratings by JCR are a milestone in the Adani Group’s global credit journey, marking one of the first instances of Indian infrastructure platforms being assessed at these levels by JCR. This assessment highlights the Adani Group’s engagement with global rating agencies and its alignment with international credit benchmarks.

Adani Ports & SEZ Ltd, Adani Green Energy Ltd, and Adani Energy Solutions Ltd are part of the Adani Group, a globally diversified organization with interests in integrated transport utility, renewable energy, and energy solutions. The companies’ strategic focus on infrastructure development and renewable energy aligns with India’s growth and decarbonization goals.

Adani Energy Solutions Ltd is a multidimensional organization involved in power transmission, distribution, smart metering, and cooling solutions. It is the largest private transmission company in India, with a significant presence across 16 states. The company is expanding its smart metering business and aims to become a leading integrator in this field. Adani Energy Solutions Ltd is committed to transforming the energy landscape in a reliable, affordable, and sustainable manner.