{"id":92043,"date":"2023-02-24T10:30:00","date_gmt":"2023-02-24T05:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=92043"},"modified":"2023-02-24T10:26:48","modified_gmt":"2023-02-24T04:56:48","slug":"biz-adani-trans-fitch","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-adani-trans-fitch\/","title":{"rendered":"Fitch Ratings affirms BBB- ratings on Adani Transmission&#8217;s senior secured notes"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2535034778\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Fitch Ratings has affirmed its BBB- ratings with a stable outlook on USD 400 million senior secured notes issued by Adani Transmission Limited (ATL).<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2894171472\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>On the rationale behind the move, the rating agency said the credit assessment of the group reflects the project companies&#8217; availability-based revenue under a supportive regulatory framework, with low technical complexity, reflected in high availability levels and operating performance that we expect to remain stable.<\/p><p>&#8220;Fitch Ratings has affirmed the &#8216;BBB-&#8216; ratings on the USD 400 million senior secured notes issued by the restricted group of India-based Adani Transmission Limited (ATL, BBB-\/Stable). The Outlook is Stable,&#8221; it said in a statement on Thursday.<\/p><p>Fitch projects an average debt-service coverage ratio (DSCR) of 1.48x, with a profile DSCR of 1.30x between the financial years ending March 2027 (FY27) and FY33 under its rating case.&nbsp; The restricted group&#8217;s financial profile is also stronger than that commensurate with a &#8216;BBB-&#8216; rating for this portfolio of assets, reflecting considerable rating headroom at the current level.<\/p><div class=\"trade-content_5\" id=\"trade-2666297136\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The restricted group (ATL RG1) includes six co-issuers &#8211; Barmer Power Transmission Service Limited, Chhattisgarh-WR Transmission Limited, Hadoti Power Transmission Service Limited, Raipur-Rajnandgaon-Warora Transmission Limited, Sipat Transmission Limited and Thar Power Transmission Service Limited &#8211; and one non-issuing SPV, Adani Transmission (Rajasthan) Ltd (ATRL). PTI ABI BAL BAL<\/p><div class=\"trade-after-content\" id=\"trade-473232860\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Fitch Ratings has affirmed its BBB- ratings with a stable outlook on USD 400 million senior secured notes issued by Adani Transmission Limited (ATL). On the rationale behind the move, the rating agency said the credit assessment of the group reflects the project companies&#8217; availability-based revenue under a supportive regulatory framework, with low technical complexity, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25385,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-92043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fitch Ratings affirms BBB- ratings on Adani Transmission&#039;s senior secured notes - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Fitch Ratings has affirmed its BBB- ratings with a stable outlook on USD 400 million senior secured notes issued by Adani Transmission Limited (ATL).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-adani-trans-fitch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fitch Ratings affirms BBB- ratings on Adani Transmission&#039;s senior secured notes\" \/>\n<meta property=\"og:description\" content=\"Fitch Ratings has affirmed its BBB- ratings with a stable outlook on USD 400 million senior secured notes issued by Adani Transmission Limited (ATL).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/biz-adani-trans-fitch\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-24T05:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Fitch-ratings-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Fitch-ratings-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-adani-trans-fitch\/\",\"url\":\"https:\/\/tradebrains.in\/features\/biz-adani-trans-fitch\/\",\"name\":\"Fitch Ratings affirms BBB- ratings on Adani Transmission's senior secured notes - 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