Vedanta Ltd receives long-term credit rating upgrade from ICRA to AA due to improved financial profile.

Vedanta Ltd received a long-term credit rating upgrade from ICRA, moving from AA- to AA, due to a strengthened financial profile. This follows a successful $1 billion fundraising through a Qualified Institutional Placement and a $400 million sale of Hindustan Zinc Ltd. The upgrade reflects Vedanta's strategic growth and efforts to improve financial flexibility by reducing debt and interest expenses.

September 04, 2024
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