The negative outlook reflects likely weakening in company's financial metrics as a result of incremental debt Moody's maintains Baa3 rating on Adani Transmission ANI | Updated: May 08, 2021 15:30 IST The servicing of ATL's bonds is supported by an obligor group that includes ATL and two of its fully-owned subsidiaries, Maharashtra Eastern Grid Power Transmission Company and Adani Transmission India, which operate four transmission lines of more than 5,000 circuit kilometres. Over the next two to three years, Moody's expects the group's consolidated funds from operations (FFO)/net debt to decline to between 5 and 6 per cent, relative to the minimum tolerance level of 7 per cent set for the rating.