New Delhi, Oct. 7 -- Adani Enterprises on Wednesday said that its long-term rating has been upgraded to AA Stable, the highest-ever rating in its credit history. The company said the upgrade serves as an independent validation of AEL's disciplined capital management and tight fiscal prudence.

"AEL has constantly strengthened its credit profile over the last seven years while executing an ever-increasing core infrastructure-led capex. AEL's stronger credit profile further enhances the resilience of its unique incubation platform and assures long-term value for its stakeholders."

According to the regulatory filing, CARE Ratings has provided a credit rating update for various facilities and instruments of Adani Enterprises Limited. The rat...