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Feb 24, 2023, 05.15 PM

Fitch affirms Adani Transmission's Restricted Group Notes at 'BBB-'

The Outlook is Stable.

The restricted group (ATL RG1) includes six co-issuers - Barmer Power Transmission Service Limited, Chhattisgarh-WR Transmission Limited, Hadoti Power Transmission Service Limited, Raipur-Rajnandgaon-Warora Transmission Limited, Sipat Transmission Limited and Thar Power Transmission Service Limited - and one non-issuing SPV, Adani Transmission (Rajasthan) Ltd (ATRL).

Fitch Ratings has affirmed the 'BBB-' ratings on the USD400 million senior secured notes issued by the restricted group of India-based Adani Transmission Limited (ATL, BBB-/Stable).

The Outlook is Stable.

The restricted group (ATL RG1) includes six co-issuers - Barmer Power Transmission Service Limited, Chhattisgarh-WR Transmission Limited, Hadoti Power Transmission Service Limited, Raipur-Rajnandgaon-Warora Transmission Limited, Sipat Transmission Limited and Thar Power Transmission Service Limited - and one non-issuing SPV, Adani Transmission (Rajasthan) Ltd (ATRL).

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