{"id":401029,"date":"2021-02-18T12:14:38","date_gmt":"2021-02-18T06:44:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=401029"},"modified":"2021-02-18T13:38:42","modified_gmt":"2021-02-18T08:08:42","slug":"ind-ra-revises-vedantas-credit-outlook-to-stable-from-negative","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ind-ra-revises-vedantas-credit-outlook-to-stable-from-negative\/","title":{"rendered":"Ind-Ra revises Vedanta\u2019s credit outlook to stable from negative"},"content":{"rendered":"<p>India Ratings and Research (Ind-Ra) has revised the outlook for Vedanta Ltd (VDL) to stable from negative and also affirmed the company\u2019s long-term issuer rating.<\/p>\n<p>The long-term issuer rating of the company is \u2018IND AA-\u2018. Instruments with rating \u2018IND AA\u2019 carry very low credit risk. \u201cThe outlook revision reflects the VDL group\u2019s improved liquidity position, supported by the moderated refinancing risks at VRL (Vedanta Resources Ltd). The liquidity improvement resulted from VDL\u2019s improved operational cash flows in 2HFY21, supported by its enhanced volume performance, cost improvements and a sharp recovery in metal prices,\u201d Ind-Ra said in a statement this week.<\/p>\n<p>However, Ind-Ra has said that it believes despite VDL\u2019s likely healthy operating performance over FY21-FY22, the group\u2019s ability to reduce debt will remain limited, considering the substantial dividend cash leakages in the current group structure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India Ratings and Research (Ind-Ra) has revised the outlook for Vedanta Ltd (VDL) to stable from negative and also affirmed the company\u2019s long-term issuer rating. The long-term issuer rating of the company is \u2018IND AA-\u2018. Instruments with rating \u2018IND AA\u2019 carry very low credit risk. \u201cThe outlook revision reflects the VDL group\u2019s improved liquidity position, supported by the moderated refinancing risks at VRL (Vedanta Resources Ltd). The liquidity improvement resulted from VDL\u2019s improved operational cash flows in 2HFY21, supported by its enhanced volume performance, cost improvements and a sharp recovery in metal prices,\u201d Ind-Ra said in a statement this week. [&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":[130,195,138],"tags":[],"class_list":["post-401029","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401029","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=401029"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401029\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=401029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=401029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=401029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}