{"id":345193,"date":"2020-04-04T09:42:49","date_gmt":"2020-04-04T04:12:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=345193"},"modified":"2020-04-04T09:58:44","modified_gmt":"2020-04-04T04:28:44","slug":"crisil-revises-rating-outlook-on-vedanta-ltd-to-negative-from-stable","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crisil-revises-rating-outlook-on-vedanta-ltd-to-negative-from-stable\/","title":{"rendered":"Crisil revises rating outlook on Vedanta Ltd to negative from stable"},"content":{"rendered":"<p>Crisil has revised its rating outlook on non-convertible debentures and long-term bank facilities of Vedanta Limited to &#8216;Negative&#8217; from &#8216;Stable&#8217;. <\/p>\n<p>The outlook revision factors in the risk of sharply lower commodity prices of Brent crude, zinc and aluminium in FY21 in the wake of the Coronavirus (Covid-19) pandemic. <\/p>\n<p>Also, the operating profitability (EBITDA {earnings before interest, tax, depreciation, and amortisation}) for FY20 has moderated due to weaker aluminium and zinc prices, and slower-than-expected ramp-up in volumes across the zinc and oil and gas businesses. <\/p>\n<p>For FY21, despite the weaker outlook for commodity prices, operating profitability is expected to improve, mainly led by volume growth in zinc and oil and gas businesses,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crisil has revised its rating outlook on non-convertible debentures and long-term bank facilities of Vedanta Limited to &#8216;Negative&#8217; from &#8216;Stable&#8217;. The outlook revision factors in the risk of sharply lower commodity prices of Brent crude, zinc and aluminium in FY21 in the wake of the Coronavirus (Covid-19) pandemic. Also, the operating profitability (EBITDA {earnings before interest, tax, depreciation, and amortisation}) for FY20 has moderated due to weaker aluminium and zinc prices, and slower-than-expected ramp-up in volumes across the zinc and oil and gas businesses. For FY21, despite the weaker outlook for commodity prices, operating profitability is expected to improve, mainly [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-345193","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/345193","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=345193"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/345193\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=345193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=345193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=345193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}