The global ratings agency has revised the outlook on Adani Green Energy, Adani Green Energy Restricted Group (AGEL - RG-1), Adani Transmission Step One, and Adani Electricity Mumbai to “stable” from “negative”, it said in a release.
Moody s has retained JSW Steel Limited s (JSW) Ba1 corporate family rating (CFR). This rating mirrors JSW s substantial scale and robust market presence within India. Moody s highlighted the company s competitive conversion costs, stemming from efficient operations and the utilisation of cutting-edge furnace technology.
The Biden administration released statements Friday evening disagreeing with Moody's Investors Service changing the United States credit outlook to "negative."
Concurrently, Moody s has also upgraded Tata Motors senior unsecured instruments ratings to Ba3 from B1. It has maintained positive outlook on all ratings.