Fitch Ratings has revised its outlook on two Adani group firms, Adani Ports and Special Economic Zone and Adani Energy Solutions , to 'Stable' from 'Negative', saying the contagion risks across the conglomerate have eased.

Fitch affirmed the two companies' long-term issuer default ratings at 'BBB-'.

The agency also affirmed the 'BBB-' ratings on Adani Electricity Mumbai Ltd's (AEML) senior secured notes and those issued by Adani Energy Solutions Ltd's (AESL) subsidiary, Adani Transmission Step-One Ltd.

The outlook revisions reflect Fitch's view that contagion risks across the Adani Group have eased.

The conglomerate has retained access to diversified funding sources despite a November 2024 US indictment involving board members of a group entity, Adani Green Energy Ltd.

Fitch also

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