What rating did S&P assign to Vedanta Resources?

S&P Global Ratings upgraded Vedanta Resources to 'B+' from 'B' with a stable outlook.

What factors contributed to the rating upgrade?

The upgrade was attributed to easing refinancing risks and the expectation of refinancing $600 million 2026 bonds.

How many times has S&P upgraded Vedanta Resources in 2024?

S&P has upgraded Vedanta Resources three times in 2024, with the latest upgrade occurring in December.

What does S&P say about future upgrades?

A further upgrade will depend on sustainable cash flow and dividend generation at the group level.

Which other rating agency upgraded Vedanta Resources recently?

Moody's also upgraded Vedanta Resources in January, citing softening liquidity and refinancing risks.

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Home > Finance > S&P raises Vedanta Resources' rating on easing refinancing risks

Finance

S&P raises Vedanta Resources' rating on easing refinancing risks

Published by Global Banking & Finance Review®

Posted on February 3, 2025

1 min read

Last updated: January 26, 2026

S&P raises Vedanta Resources' rating on easing refinancing risks

Quick Summary

S&P Upgrades Vedanta Resources Rating Amid Reduced Refinancing Risks

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Frequently Asked Questions about S&P raises Vedanta Resources' rating on easing refinancing risks