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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 940.00
Vedanta 255.00
Hindustan Zinc 561.60
Jain Resource Recycl 290.50
CMR Green Tech 221.35
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