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Moody's Investors Service upgrades Vedanta's senior unsecured notes

25 Aug 2021 Evaluate

Moody's Investors Service has upgraded Vedanta's senior unsecured notes to 'B3' from 'Caa1'. Moody's has also changed the outlook on all ratings to 'stable' from 'negative'. It has affirmed holding company Vedanta Resources’ (VRL) B2 corporate family rating.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.

Peers
Company Name CMP
Hindalco Industries 981.90
Vedanta 264.35
Hindustan Zinc 576.05
Jain Resource Recycl 284.70
CMR Green Tech 216.55
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