Business & Finance
CARE Ratings Raises Adani Enterprises to Highest 'AA' Rating
By Today News Hours Editorial Desk
CARE Ratings has upgraded Adani Enterprises’ long‑term rating to AA from AA‑, keeping a stable outlook. The move marks the highest rating the company has ever received. The upgrade follows a 15,000‑crore qualified institutional placement in July and a 5.5% stake sale in Adani Airports Holding Ltd, which valued the subsidiary at 1.67 lakh crore. CARE said the rating reflects improved financial flexibility and anticipates growth in profit before interest, lease, depreciation and tax (PBIT) for FY27, supported by stabilised operations at Kutch Copper Limited, continued growth in non‑aero revenue from airports, and the start and ramp‑up of operations at Navi Mumbai International Airport Limited. Adani Enterprises hosts the Adani Group’s incubating businesses, including airports, data centres, defence and aerospace, mining services, and road, metro and rail ventures.
Frequently asked questions
What rating did CARE Ratings assign to Adani Enterprises?
CARE Ratings upgraded Adani Enterprises to an AA rating with a stable outlook.
What recent financial events contributed to the rating upgrade?
The upgrade followed a 15,000‑crore qualified institutional placement in July and a 5.5% stake sale in Adani Airports Holding Ltd, valued at 1.67 lakh crore.
What factors does CARE Ratings cite for the rating upgrade?
CARE said the rating reflects improved financial flexibility and anticipates growth in PBIT for FY27, supported by stabilised operations at Kutch Copper Limited, continued growth in non‑aero revenue from airports, and the start and ramp‑up of operations at Navi Mumbai International Airport Limited.