Adani Row: Adani group company removed from watch list by US rating agency, know details
Adani Group company Adani Green has been removed from under-criteria observation by US credit rating agency S&P Global.
Restricted Group-2 of the company includes Vardha Solar, Adani Renewable Energy and Kodangal Solar Park. The group is also the co-issuer and co-guarantor of the $3625 million green bond issued by Adani group companies. These bonds have a maturity of 20 years and a weighted average life of 13.47 years.
A day earlier, Fitch Ratings had affirmed Adani Transmission's rating at 'BBB' with 'stable outlook'. Let us tell you that on Wednesday, Adani Power has announced the cancellation of its plan to acquire a coal plant project in Chhattisgarh.

