Adani Ports and Special Economic Zone Ltd.

Moody’s, Fitch Ratings and S & P Global Ratings have assigned the ratings to Adani Ports and Special Economic Zone’s (APSEZ) proposed foreign currency denominated bonds issuance by the Company. The Fitch Ratings assigned ‘BBB-’rating with negative outlook on the rating. The S&P Global ratings assigned ‘BBB-’ rating with stable outlook on the rating and Moody’s Investors Service assigned ‘Baa3’ rating with negative outlook on the rating.

APSEZ is part of Adani Group with businesses spanning coal trading, coal mining, oil & gas exploration, ports, multi-modal logistics, power generation & transmission and gas distribution. APSEZ represents a large network of ports with India’s largest Special Economic Zone (SEZ) at Mundra.