New Delhi, India – Adani Ports and Special Economic Zone (APSEZ) has achieved a significant milestone, securing a coveted AAA rating from credit rating agency CARE Ratings. This prestigious designation signifies the highest level of creditworthiness, solidifying APSEZ’s position as a financially dependable entity. 

A Pioneering Feat 

This accomplishment marks a historic first for India’s private infrastructure sector. APSEZ is now the leading private infrastructure developer of its scale to be awarded this esteemed rating. The company’s robust business model, impressive growth trajectory, and commitment to financial discipline are key factors in achieving this recognition. 

Financial Strength and Growth 

CARE Ratings cited APSEZ’s strong operational performance, with a 24% year-on-year cargo volume increase in FY24, as a significant contributor to the rating upgrade. Additionally, the company boasts healthy profitability and a diversified customer base, further strengthening its financial position. 

Looking Ahead 

Karan Adani, Managing Director of APSEZ, expressed his pride in the achievement, stating it reflects the company’s dedication to financial excellence and responsible management. This AAA rating is expected to bolster investor confidence and pave the way for future growth opportunities for Adani Ports.