Adani Ports & SEZ Attains AAA Rating Milestone, Pioneering Industry Standards

Adani Ports and Special Economic Zone (APSEZ) announced on Tuesday the achievement of a significant milestone when its credit rating was lifted to AAA by CARE Ratings. This is the highest possible rating any issuer has received from India's credit rating agencies. This rating reflects that APSEZ has assured adequate financial strength, which will enable it to fulfill all of its financial obligations as indicated by the official statement.

Managing Director of APSEZ, Karan Adani, said, "We appreciate the recognition of the financial prudence of APSEZ and its commitment to reduce debt, with strong asset and customer bases, which have offered exceptional profitability in the port sector on a global scale."

This attains to APSEZ being the first major private infrastructure development company to receive such recognition—indeed, the first such large-scale private infrastructure development company to be given such recognition—testament to its strong integrated business model, dominant industry position, and record level operational growth, including sound profitability supported by significant liquidity and minimum leverage.

APSEZ's mastery of post-acquisition port assets and its through-the-gate approach as a transport utility, seamlessly conducting business from port gate to customer gate, have propelled annual growth to 15% compound annual growth rate in FY19 to FY24, a significant leap from the 4% CAGR recorded in all of India's ports.

APSEZ's cargo volume rose by 24% in FY 24 to 419.95 MMT, from the previous year. Adani Group is diversified, and the company is the largest port developer and operator in India, holding 27% share of the total port volumes of the country, with seven strategically positioned ports and terminals along both the west coast and east coast.

Looking at the next decade forward, APSEZ sees itself as the largest port and logistics platform in the world, leaving behind imprints of commitment to excellence and innovation in the maritime and logistics industry.