Mumbai, Aug. 26 -- CareEdge Ratings has upgraded Adani Green Energy Ltd's (AGEL) rating from 'AA-' to 'AA/Stable' due to its market leadership position, robust execution capabilities, and strong operational and financial profile, according to an official statement issued by the ratings agency.
The 'Stable' outlook on the long-term rating of AGEL reflects CareEdge Ratings' opinion that the company will be able to scale up its operating portfolio by commissioning underlying projects within scheduled timelines.
The outlook is supported by the presence of long-term power purchase agreements (PPAs), the statement noted.
According to an official CareEdge Ratings statement, as of June 30, Adani Green Energy Ltd (AGEL) had an operational portfol...