VERIFIEDEconomic Times News·7 Oct 2026positive

CARE upgrades Adani Enterprises to ‘AA’, retains ‘stable’ outlook

AI Summary

·CARE Ratings has upgraded Adani Enterprises' long-term rating to 'AA' with a stable outlook.
·The upgrade is due to improved financial adaptability from capital infusion and subsidiary stake sales.
·Profit growth is anticipated, supported by Kutch Copper Limited's performance and airport operations.