Gopalpur Port's credit rating upgraded after Adani Ports acquisition
The Business Guardian|December 03, 2024
The credit rating of Gopalpur Ports Limited (GPL) has been upgraded to CARE AA; Stable by Care Edge Ratings following its acquisition by Adani Ports and Special Economic Zone Limited (APSEZ).
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Gopalpur Port's credit rating upgraded after Adani Ports acquisition

The company has also been removed from the 'credit watch with positive implications' status, reflecting the positive impact of the change in ownership.

The upgrade comes after Adani Ports completed the acquisition of a 95 per cent stake in GPL on October 11, 2024. The acquisition involved buying a 56 per cent stake from Shapoorji Pallonji Port Maintenance Private Limited and a 39 per cent stake from Orissa Stevedores Limited.

The rating agency said "Rating of Gopalpur Ports Limited (GPL) is revised to CARE AA; Stable and simultaneously removed from 'credit watch with positive implications' following change in ownership from Shapoorji Pallonji (SP) group to Adani Ports and Special Economic Zone Limited".

この記事は The Business Guardian の December 03, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は The Business Guardian の December 03, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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