Crisil has upgraded its rating on the long-term bank facilities and debt instruments of Vedanta Ltd to ‘AA’.
Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
“Crisil Ratings has upgraded its rating on the long-term bank facilities and debt instruments of Vedanta Ltd …to ‘CRISIL AA’ from ‘CRISIL AA-‘, and has revised the outlook to ‘Stable
“The short-term rating on bank facilities and commercial paper has been reaffirmed at ‘CRISIL A1+’,” it said.
