Fitch Ratings has removed Solutions Ltd from a rating watch and assigned it a negative outlook, saying Adani group has demonstrated adequate funding access since the US indictment of its key executives.

Fitch affirms Adani Energy Solutions' ‘BBB-’ rating, citing funding access; retains negative outlook over governance concerns.

Fitch Ratings has removed Adani Energy Solutions from 'Rating Watch Negative' and affirmed its Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-'.In a statement Monday, Fitch affirmed the said ratings,

Fitch Ratings upgraded Adani Energy Solutions Ltd (AESL) by removing it from its 'Ratings Watch Negative' list. Despite the US indictment of key executives, AESL showed resilience and continues to demonstrate adequate funding access.

After caution on outlook post-Nov indictment, Adani entities have seen upgrades. In Feb, CRISIL revised outlook to ‘positive’ or 'stable’ for Adani entities

Fitch Ratings has removed energy infrastructure company Adani Energy Solutions Ltd (AESL) from its ‘Ratings Watch Negative’ list, the first upgrade by an international rating agency since the US indictment. Fitch affirmed AESL’s long-term foreign and local-currency issuer default ratings (IDRs) at ‘BBB-’.

Fitch Ratings has removed Adani Energy Solutions from Rating Watch Negative and assigned a Negative Outlook, citing adequate funding access by the Adani group despite US indictments. The rating agency will continue to monitor the investigations for any evidence of weakness in corporate governance practices.

Fitch Ratings has removed energy infrastructure company Adani Energy Solutions Ltd (AESL) from its 'Ratings Watch Negative' list, the first upgrade by an international ratings agency since the US indictment.

Fitch Ratings has assigned a negative outlook to Indian energy infrastructure company Adani Energy Solutions Limited, citing concerns over corporate governance and potential risks from ongoing U.S. investigations.