S&P has rated Adani as BB+.
Also it has removed the Adani Group from under-criteria observation.
Media reports said S&P stated RG2's debt is completely secured, Livemint reported.
S&P had placed Adani Green under criteria observation.
Adani's shares nosedived after a Hindenburg Research accused Gautam Adani-led ports-to-power conglomerate of accounting fraud and stock manipulation.
The report had alleged that Adani Group had engaged in stock manipulation and accounting fraud schemes over the course of decades.