{"id":279015,"date":"2019-06-19T05:51:25","date_gmt":"2019-06-19T05:51:25","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=279015"},"modified":"2019-06-19T05:51:25","modified_gmt":"2019-06-19T05:51:25","slug":"vedantas-credit-profile-may-weaken-if-volcan-draws-more-resources-moodys","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedantas-credit-profile-may-weaken-if-volcan-draws-more-resources-moodys\/","title":{"rendered":"Vedanta&#8217;s credit profile may weaken if Volcan draws more resources: Moody&#8217;s"},"content":{"rendered":"<p>Moody&#8217;s Investors Service Tuesday said the credit profile of Vedanta Resources Ltd could weaken if there is further flow of resources to its parent company Volcan Investments.<\/p>\n<p>Moody&#8217;s Investors Service said in a report said that Vedanta Resources&#8217; investment in December 2018, in a structured product issued by its parent, Volcan Investments Ltd, indicates a willingness to deploy funds to its parent that, if repeated, could weaken its credit profile.<\/p>\n<p>&#8220;This willingness to deploy funds and Volcan&#8217;s probable cash-flow shortfall by March 2020, support Moody&#8217;s expectation that Volcan will likely tap on Vedanta&#8217;s liquidity again when needed,&#8221; it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moody&#8217;s Investors Service Tuesday said the credit profile of Vedanta Resources Ltd could weaken if there is further flow of resources to its parent company Volcan Investments. Moody&#8217;s Investors Service said in a report said that Vedanta Resources&#8217; investment in December 2018, in a structured product issued by its parent, Volcan Investments Ltd, indicates a willingness to deploy funds to its parent that, if repeated, could weaken its credit profile. &#8220;This willingness to deploy funds and Volcan&#8217;s probable cash-flow shortfall by March 2020, support Moody&#8217;s expectation that Volcan will likely tap on Vedanta&#8217;s liquidity again when needed,&#8221; it said.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-279015","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/279015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=279015"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/279015\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=279015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=279015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=279015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}