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VERIFIEDET Markets·positive
Adani Enterprises gets rating upgrade from CARE Ratings to AA; Stable; shares up 21% in 2026
AI Summary
- ·Adani Enterprises' long-term rating was upgraded by CARE Ratings to CARE AA; Stable from CARE AA-; Stable.
- ·This is the company's highest-ever credit rating.
- ·The upgrade was attributed to improved financial flexibility from a Rs 15,000 crore QIP and Adani Airports stake sale.