11 Nov 2025 | 5 Mins Read
BofA boosts Adani Group bonds citing solid fundamentals
Flipitmoney
Bank of America has initiated coverage on Adani Group's U.S. dollar bonds with an 'Overweight' rating on select issuances, citing solid fundamentals and robust funding access. The rating is based on strong credit fundamentals and attractive valuations, despite regulatory scrutiny and tightened spreads this year. BofA recommended 'Overweight' on five Adani bonds and 'Marketweight' on eight others.