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ICRA has upgraded Adani Total Gas Ltd.'s (ATGL) long-term credit rating to [ICRA]AA+ from [ICRA]AA, maintaining a Stable Outlook. Its short-term rating remains affirmed at [ICRA]A1+. While the official announcement doesn't detail the specific reasons, this upgrade typically indicates a stronger financial position for ATGL, likely due to improved liquidity, reduced debt, or stronger operational performance. This positive development could lead to lower borrowing costs for the company, boost investor confidence, and provide greater strategic room for expansion and capital expenditure.