rating agency moody's revises adani ports outlook to stable from negative

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global ratings agency moody's investors service revised up its outlook on adani ports and sez (apsez) to stable from negative today on stabilisation in operative performance and dip in leverage. the action by moody's comes four days after a similar call by standard and poor's. moody's has affirmed the issuer and senior unsecured ratings at baa3 for the company. "the change in apsez's ratings outlook to stable reflects the stabilisation in the company's operating performance and a decline in its financial leverage," moody's vice president abhishek tyagi said. the negative outlook was driven by weakened operating performance and financial metrics, he said, adding apsez has taken a slew of initiatives to improve on the same. just like the commentary from s&p, related party loans also found a mention in the moody's statement today with the agency saying there has been a "material reduction" in lending which was "clouding" the credit profile previously. fitch ratings, which also .

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