Vedanta stock falls after India Ratings downgrades ratings of mining firm's facilities
India Ratings has downgraded its ratings on the long-term bank facilities and debt instruments of Vedanta to ‘IND AA-‘ from ‘IND AA’ and placed these ratings on ‘Rating Watch with Negative Implications’. The rating agency also reaffirmed the ratings on the short-term debt instruments of the company at ‘IND A1+.
Vedanta informed on Wednesday that its wholly owned subsidiary Vedanta Base Metals Limited had been incorporated on October 09, 2023. Photo: File/Representational