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The Economic Times

S&P upgrades Vedanta Resources rating on stronger finances, demerger

Vedanta Resources Vedanta SP Global Ratings SP

S&P Global Ratings on Thursday said that it has upgraded the ratings of London-based Vedanta Resources Ltd to 'BB' from 'B+', citing the company's improved financial position and cost efficiency post demerger.

The rating upgrade reflects the company's strengthening financial operations, improving cost structures, proactive refinancing and continued deleveraging, following the group's demerger, S&P Global Ratings said in a statement.

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One subscription that gives you access to news from hundreds of sites

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