{"id":388019,"date":"2020-12-05T10:41:06","date_gmt":"2020-12-05T05:11:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=388019"},"modified":"2020-12-05T11:08:37","modified_gmt":"2020-12-05T05:38:37","slug":"moodys-downgrade-highlights-risks-at-vedanta-even-as-stock-continues-rally","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/moodys-downgrade-highlights-risks-at-vedanta-even-as-stock-continues-rally\/","title":{"rendered":"Moody\u2019s downgrade highlights risks at Vedanta even as stock continues rally"},"content":{"rendered":"<p>Vedanta continues to see twist in tales. While the rebound in base metal and oil prices continue to drive the company\u2019s prospects, Moody\u2019s recent rating downgrades for its parent &#8211;Vedanta Resources Ltd (VRL) &#8212; may mellow down strong investor sentiment.<\/p>\n<p>Vedanta shares have continued to gain and rise almost 39% in the last one month.<\/p>\n<p>The global credit ratings agency downgraded VRL&#8217;s rating to speculative grade, highlighting its financial stress and bringing the spotlight back on its need for further support. Vedanta, through its overseas subsidiary, had recently advanced inter-corporate loans of $956 million to VRL in three tranches during April-October, repayable over the next three years. Though Vedanta had assured it won&#8217;t extending further financial assistance to its parent, analysts were still cautious and cut their target prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta continues to see twist in tales. While the rebound in base metal and oil prices continue to drive the company\u2019s prospects, Moody\u2019s recent rating downgrades for its parent &#8211;Vedanta Resources Ltd (VRL) &#8212; may mellow down strong investor sentiment. Vedanta shares have continued to gain and rise almost 39% in the last one month. The global credit ratings agency downgraded VRL&#8217;s rating to speculative grade, highlighting its financial stress and bringing the spotlight back on its need for further support. Vedanta, through its overseas subsidiary, had recently advanced inter-corporate loans of $956 million to VRL in three tranches during [&hellip;]<\/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-388019","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\/388019","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=388019"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/388019\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=388019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=388019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=388019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}