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ICRA upgrades Adani Gas's long-term rating to ‘AA-’

04 Sep 2020 Evaluate

Credit rating agency -- ICRA has upgraded Adani Gas’s long-term rating to ‘AA-’ and re-affirmed the short-term rating at ‘A1+’ with stable outlook.

Adani Gas is a wholly owned subsidiary of the Adani Enterprise (AEL) and was incorporated for setting up distribution network in various cities to supply natural gas to industrial, Commercial, Domestic and CNG Customers.

Peers
Company Name CMP
GAIL (India) 170.50
Gujarat Energy 243.45
Indraprastha Gas 150.15
Mahanagar Gas 1072.65
Adani Total Gas 579.95
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