{"id":387661,"date":"2020-12-04T08:45:03","date_gmt":"2020-12-04T03:15:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=387661"},"modified":"2020-12-04T09:28:03","modified_gmt":"2020-12-04T03:58:03","slug":"moodys-downgrades-vedanta-resources-cfr-to-b2-citing-weak-liquidity","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/moodys-downgrades-vedanta-resources-cfr-to-b2-citing-weak-liquidity\/","title":{"rendered":"Moody&#8217;s downgrades Vedanta Resources&#8217; CFR to B2 citing weak liquidity"},"content":{"rendered":"<p>Rating agency Moody&#8217;s has downgraded the corporate family rating (CFR) of Vedanta Resources Limited (VRL) from \u201cB1\u201d to \u201cB2\u201d due to its persistently weak liquidity and high refinancing needs. <\/p>\n<p>Moody&#8217;s has revised the ratings on the VRL\u2019s senior unsecured bonds from \u201cB3\u201d to \u201cCaa1\u201d. All ratings remain under review for further downgrade. <\/p>\n<p>The downgrade primarily reflects holding company VRL&#8217;s persistently weak liquidity and high refinancing needs amid growing signs of an aggressive risk appetite. This has implications for the company&#8217;s financial strategy and risk management, said Kaustubh Chaubal, Vice President and Senior Credit Officer, Moody\u2019s.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rating agency Moody&#8217;s has downgraded the corporate family rating (CFR) of Vedanta Resources Limited (VRL) from \u201cB1\u201d to \u201cB2\u201d due to its persistently weak liquidity and high refinancing needs. Moody&#8217;s has revised the ratings on the VRL\u2019s senior unsecured bonds from \u201cB3\u201d to \u201cCaa1\u201d. All ratings remain under review for further downgrade. The downgrade primarily reflects holding company VRL&#8217;s persistently weak liquidity and high refinancing needs amid growing signs of an aggressive risk appetite. This has implications for the company&#8217;s financial strategy and risk management, said Kaustubh Chaubal, Vice President and Senior Credit Officer, Moody\u2019s.<\/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-387661","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\/387661","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=387661"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387661\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=387661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=387661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=387661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}