New Delhi, Nov. 4 -- Fitch Ratings has revised the outlook on Adani Ports and Special Economic Zone Limited (APSEZ), Adani Energy Solutions Limited (AESL), and its subsidiary Adani Electricity Mumbai Limited (AEML) to "stable" from "Negative", while affirming all ratings at 'BBB-', signalling improved credit confidence across the Adani Group's key infrastructure and utility businesses.

According to Fitch, the outlook upgrade reflects low contagion risks across the Adani Group, stronger governance oversight, and continued access to diversified funding sources.

The rating agency observed that both APSEZ and AESL have demonstrated strong financial resilience and operational stability over the past year following earlier outlook downgrades ...