S&P Global upgrades Vedanta Resources outlook to positive
after close1 source ↓written by the desknot a recommendation
S&P Global Ratings has upgraded its outlook on Vedanta Resources to positive from stable. The agency affirmed a B rating on the company's senior unsecured notes, citing a timely ramp-up of aluminium facilities that will enhance cost structure and cash flow. Lower interest expenses at the holding company will also aid in deleveraging the balance sheet.
Not investment advice. For informational purposes only.