Adani secures JCR Ratings, opens Japanese capital floodgates

New Delhi: The Adani Group has won credit ratings from Japan Credit Rating Agency (JCR) for three of its companies, a move that could pave the way for broader access to Japan’s debt markets as the Indian conglomerate accelerates its expansion plans. Japan Credit Rating Agency (JCR), a leading Japanese rating agency, has assigned long-term foreign currency credit ratings with a stable outlook to Adani Ports & SEZ Ltd (APSEZ), Adani Green Energy Ltd (AGEL), and Adani Energy Solutions Ltd (AESL), marking a significant milestone in the Group’s global credit journey, the conglomerate said in a statement.

APSEZ received an A- (Stable) rating, a rare instance of an Indian corporate breaching the sovereign rating threshold, while AGEL and AESL were each rated BBB+ (Stable), in line with India’s sovereign rating.