MUMBAI: Ranking company S&P has downgraded Anil Agarwal‘s Vedanta Assets to ‘CC’, citing the corporate’s choice to increase the maturity of its worldwide bonds as a ‘distressed alternate‘. The UK-incorporated Vedanta Assets, the dad or mum firm of India-listed Vedanta Restricted, has been retained on credit score watch with detrimental implications.
The score company had earlier downgraded the corporate to ‘CCC’ in September 2023 due to a chance that Vedanta Assets will go for extending the maturity of its bonds.S&P mentioned that if Vedanta Assets didn’t proceed with the maturity extension transaction, there are rising dangers of a fee default. TNN
The score company had earlier downgraded the corporate to ‘CCC’ in September 2023 due to a chance that Vedanta Assets will go for extending the maturity of its bonds.S&P mentioned that if Vedanta Assets didn’t proceed with the maturity extension transaction, there are rising dangers of a fee default. TNN
