CRISIL upgrades Vedanta ratings on stronger balance sheet
after close1 source ↓written by the desknot a recommendation
CRISIL Ratings upgraded Vedanta Ltd's long-term rating to CRISIL AA+/Stable from CRISIL AA/Watch Developing. This upgrade reflects improved business strength and financial profiles post-demerger, with lower leverage and stronger cash generation. The agency also assigned a CRISIL AA+ rating to Vedanta's non-convertible debentures, enhancing its credit profile significantly.
Not investment advice. For informational purposes only.