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VEDANTA RESOURCES DOWNGRADE
Vedanta Resources downgraded over 'interest burden'Ahead of its restructuring, Vedanta Resources had $3 billion due in the current financial year, and $4.6 billion in the next. Post restruct...- S&P downgrades Vedanta Resources over "distressed" bond extensionS&P Global Ratings reduced Vedanta's issuer rating to "SD" or "selective default" from "CC," indicating the agency believes the company has...
- Vedanta shares fall 3% on Moody's downgradeVedanta Resources has launched a liability management exercise to restructure repayments of about $3.8 billion on bonds that are set to mat...
- Moody's downgrades rating on senior unsecured bonds issued by Vedanta ResourcesThe rating for the Corporate Family Rating (CFR) of Vedanta Resources was also downgraded to Caa3 from Caa2, Moody's said. Last week, Vedan...
- Vedanta Resources' bondholders back debt restructuring planUK-based Vedanta Resources said on Wednesday it received bondholders' support to restructure some of its near-term debt, easing repayment p...
- S&P Global Ratings downgrades Vedanta Resources amid bond maturity extensionVedanta Resources late Wednesday said it raised $1.25 billion from financial institutions for refinancing, including a new credit facility....
- Vedanta CFO Shrivastava quits, Ajay Goel of Byju's rejoins co as replacementVedanta, the mining conglomerate, announced that its CFO Sonal Shrivastava has resigned for personal reasons. Ajay Goel, who previously lef...
- Vedanta shares jump over 4% after company announces demerger plansThe natural resources major, last week, announced that it will demerge its existing business into six listed companies, aiming to build a s...
- After Moody’s, S&P Global cuts Vedanta Resources’ rating; co placed under 'CreditWatch negative'The proximity of Vedanta Resources' large bond maturity in January 2024 has increased the likelihood of the company undertaking a liability...
- Vedanta shares tank over 6% to 52-week low on Moody's downgradeVedanta shares fell over 6% to hit a fresh 52-week low of Rs 210 on Wednesday after Moody's downgraded the corporate family rating for the ...
- Moody's downgrades Vedanta Resources on debt rejig concerns"The downgrade reflects elevated risk of debt restructuring over the next few months because VRL has not made any meaningful progress on re...
- Moody's downgrades Vedanta parent's CFR rating to Caa2 on elevated debt riskThe agency has also downgraded to Caa3 from earlier Caa2 its rating on the senior unsecured bonds issued by Vedanta Resources and those iss...
- Moody's downgrades Vedanta's ratings over likelyhood of 'payment default'"Ongoing delays in Vedanta Resources' refinancing efforts and its continued reliance on dividend receipts are depleting liquidity at its op...
- Vedanta Resources terminates Moody's after getting unfavourable ratingsIn a statement late Thursday evening India time, Vedanta said: “Vedanta Resources Limited hereby announces that it has today given notice t...
- Moody's downgrades Vedanta Resources on debt refinancing concerns, company calls it unreasonableMoody's on Monday downgraded the CFR of Vedanta Resources to B3 from B2 on concerns that the company has not yet found a source of funding ...
- Moody's downgrades Vedanta Resources' ratingMoody's has also downgraded the ratings on the senior unsecured bonds issued by Vedanta Resources (VRL) and those issued by Vedanta Resourc...
- Moody's places Vedanta Resources rating under review for downgradeMoody's said its review for downgrade will primarily focus on five factors.
- S&P downgrades Vedanta Resources credit ratingVedanta Resources has taken a big blow on profitability due to a meltdown in commodity prices. Uncertainty over ramp-up of aluminium and ir...
- Fitch downgrades Vedanta to 'BB'; withdraws ratingsFitch downgraded Anil Agrawal-promoted Vedanta's credit rating to 'BB' from BB+ with a stable outlook and then withdrew its ratings.
- Fitch downgrades Vedanta rating over Cairn buyFitch Ratings on Tuesday downgraded the credit rating of Vedanta Resources citing risk involved in the London-listed company's proposed acq...
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