{"id":388208,"date":"2020-12-07T10:34:05","date_gmt":"2020-12-07T05:04:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=388208"},"modified":"2020-12-07T10:53:40","modified_gmt":"2020-12-07T05:23:40","slug":"vedantas-parent-firms-rating-downgrade-may-slow-its-stock","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedantas-parent-firms-rating-downgrade-may-slow-its-stock\/","title":{"rendered":"Vedanta\u2019s parent firm\u2019s rating downgrade may slow its stock"},"content":{"rendered":"<p>Vedanta Ltd\u2019s stock has been coming out of an overhang of a failed reverse book building (RBB) to delist the company in October. The stock had nosedived post the RBB, but has since been on a recovery mode gaining almost 36% in the past month.<\/p>\n<p>However, international rating agency Moody\u2019s had recently downgraded parent Vedanta Resources Ltd\u2019s (VRL) corporate family rating down one notch to B2, highlighting weak liquidity. This could mellow investor sentiment.<\/p>\n<p>VRL has debt of about $2.8 billion maturing from January 2021 through June 2022. This includes intercompany debt maturities of $507 million and debt maturity of $325 million at VRL\u2019s sole shareholder, Volcan Investments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta Ltd\u2019s stock has been coming out of an overhang of a failed reverse book building (RBB) to delist the company in October. The stock had nosedived post the RBB, but has since been on a recovery mode gaining almost 36% in the past month. However, international rating agency Moody\u2019s had recently downgraded parent Vedanta Resources Ltd\u2019s (VRL) corporate family rating down one notch to B2, highlighting weak liquidity. This could mellow investor sentiment. VRL has debt of about $2.8 billion maturing from January 2021 through June 2022. This includes intercompany debt maturities of $507 million and debt maturity of [&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-388208","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\/388208","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=388208"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/388208\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=388208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=388208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=388208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}