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The Economic Times
The Economic Times
Veer Sharma

Vedanta, demerged Vedanta Aluminium, Vedanta Oil & Gas get rating upgrades from CRISIL

Vedanta Crisil Vedanta Aluminium aluminium Oil HZL Vedanta Oil and Gas Hindustan Zinc Ltd Vedanta Aluminium Metal

Vedanta, newly demerged Vedanta Aluminium Metal and Vedanta Oil and Gas have received rating upgrades from CRISIL Ratings following the group's demerger, with the agency citing stronger business and financial risk profiles across the entities.

CRISIL upgraded Vedanta Ltd's long-term rating to CRISIL AA+/Stable from CRISIL AA/Watch Developing and reaffirmed its short-term rating at CRISIL A1+. It also assigned a CRISIL AA+ rating with a Stable outlook to the company's non-convertible debentures.

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