OREANDA-NEWS. Fitch Ratings has affirmed India-based Adani Ports and Special Economic Zone Limited's (APSEZ) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-'. The Outlook is Stable. The agency has also affirmed APSEZ's senior unsecured rating at 'BBB-' and the 'BBB-' rating on its USD650m 3.5% senior unsecured notes due 2020.