Credit rating agency -- India Ratings and Research has downgraded Vedanta’s long-term bank facilities and debt instruments to ‘AA-’ from ‘AA’ and placed these ratings on ‘Rating Watch with Negative Implications’ while reaffirming the ratings on the short-term debt instruments of the Company at ‘A1+’ and placing these ratings also on ‘Rating Watch with Negative Implications’.
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.
