S&P upgrades Vedanta Resources rating to BB after demerger
pre-market1 source ↓written by the desknot a recommendation
S&P Global Ratings upgraded Vedanta Resources Ltd's credit rating to BB from B+, citing a stronger financial position and lower costs post-demerger. The agency noted improved operations and ongoing debt reduction efforts. However, it emphasized that the rating remains speculative, indicating potential uncertainties for investors.
Not investment advice. For informational purposes only.