S&P Global Ratings upgrades Adani Ports, Adani Electricity on cash flow optimism

S&P has revises outlook for Adani Ports and Adani Electricity to stable from negative, citing strong cash flow in the next 12 to 24 months. Adani Ports' ability to pay off liabilities is expected to be in the range of 3x to 4x over the next two years.. The rating agency said conclusion of most investigations without evidence of wrongdoing has reduced downside risk.
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