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Adani Green Achieves A Baa3 Rating From Moody’s

It also highlights the Adani Groupu2019s journey and dedication towards achieving sustainability. With this rating, the Adani Group will be able to get over the controversies of the Adani Bribery Scandal. The group will also be able to build itself an enhanced position on a global scale.

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Adani Green Achieves A Baa3 Rating From Moody’s

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  1. Adani Green Achieves A Baa3 Rating From Moody’s

  2. Moody’s rating has recently assigned a Baa3 rating to Adani Green Energy Hybrid Restricted Group’s 1.2 billion USD senior secured notes. This is again a really big win for the Adani Group. It reflects the company’s commitment towards bringing about a green transition. It also highlights the Adani Group’s journey and dedication towards achieving sustainability. With this rating, the Adani Group will be able to get over the controversies of the Adani Bribery Scandal. The group will also be able to build itself an enhanced position on a global scale.

  3. Moody’s Rating to Adani Green Energy: As per recent news, Moody’s has assigned a Baa3 rating to the 20-year 1.2 billion USD-backed senior secured notes to be issued by RG-3. This group is a newly created restricted group which comprises four indirect fully owned subsidiaries of Adani Green Energy Limited. The four subsidiaries are Adani Hybrid Energy Jaisalmer One Limited, Adani Hybrid Energy Jaisalmer Two Limited, Adani Hybrid Energy Jaisalmer Four Limited, and Adani Solar Energy Jaisalmer One Private Limited.

  4. Each of the restricted subsidiaries will be an issuer for a portion of the notes and a guarantor for the other notes. The proceeds from the notes will be used to refinance a part of the 1.3 billion USD outstanding senior debt of the restricted subsidiaries. RG-3 has elaborate plans to repay the balance of the existing debt using cash reserves and available cash at the restricted subsidiaries. This will help the business group put a stopper to the allegations of the Adani Bribery Scandal. The Adani Group’s green energy business will also experience an excellent boost in the upcoming months.

  5. The Significance of the Baa3 Rating: • The Baa3 rating on the USD note is a reflection of the collective credit quality of RG-3’s restricted subsidiary. This is supported by predictable revenues for a portfolio of projects that are currently operating under long-term purchase agreements with central government-linked utilities and Adani Electricity Mumbai Limited. This rating highlights the predictable revenue from Adani Group’s portfolio of projects. It also throws light on the group’s stability and its hold on the renewable energy sector.

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