Fitch Ratings has assigned a negative outlook to Indian energy infrastructure company Adani Energy Solutions Limited, citing concerns over corporate governance and potential risks from ongoing U.S. investigations.

Fitch affirms Adani Energy Solutions' ‘BBB-’ rating, citing funding access; retains negative outlook over governance concerns.

Fitch Ratings upgraded Adani Energy Solutions Ltd (AESL) by removing it from its 'Ratings Watch Negative' list. Despite the US indictment of key executives, AESL showed resilience and continues to demonstrate adequate funding access.

Fitch Ratings has removed energy infrastructure company Adani Energy Solutions Ltd (AESL) from its 'Ratings Watch Negative' list, the first upgrade by an international ratings agency since the US indictment.

Fitch Ratings cut the outlook on Adani Energy Solutions Ltd. to negative on concerns that US investigations could reveal that the group’s corporate governance practices are weaker than its expectation.

Fitch Ratings affirmed Adani Energy Solutions' 'BBB-' ratings but removed them from 'Rating Watch Negative'. Despite improved funding access, the outlook remains negative due to ongoing US investigations into governance.

Fitch Ratings has removed Adani Energy Solutions from 'Rating Watch Negative' and affirmed its Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-'.In a statement Monday, Fitch affirmed the said ratings,