Moody's maintains negative outlook on Adani Electricity; affirms Baa3 rating

'The negative outlook continues to reflect the potential for downgrade if India's sovereign rating is downgraded, given AEML's domestic focused business,' Moody's said.Over the next two to three years, Moody's expects AEML's funds from operations to debt to dip below the minimum tolerance level of 9% for its Baa3 rating