{"id":622728,"date":"2023-12-15T12:44:18","date_gmt":"2023-12-15T07:14:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=622728"},"modified":"2023-12-15T13:30:00","modified_gmt":"2023-12-15T08:00:00","slug":"sp-downgrades-vedanta-resources-rating-to-cc-amid-bond-maturity-extensions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sp-downgrades-vedanta-resources-rating-to-cc-amid-bond-maturity-extensions\/","title":{"rendered":"S&amp;P downgrades Vedanta Resources&#8217; rating to \u2018CC\u2019 amid bond maturity extensions"},"content":{"rendered":"<p>Global rating agency S&amp;P Global, which sees rising risks of a \u201cconventional payment default\u2019\u2019, has downgraded Vedanta Resources.<\/p>\n<p>Vedanta Resources is the parent of Vedanta Ltd, the diversified domestic firm in the midst of a mega restructuring.<\/p>\n<p>The downgrade by S&amp;P came even as VRL announced that it has secured a $1.25-billion loan from private credit lenders to refinance or repay part of the $3.2 billion debt maturing in 2024 and 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global rating agency S&amp;P Global, which sees rising risks of a \u201cconventional payment default\u2019\u2019, has downgraded Vedanta Resources. Vedanta Resources is the parent of Vedanta Ltd, the diversified domestic firm in the midst of a mega restructuring. The downgrade by S&amp;P came even as VRL announced that it has secured a $1.25-billion loan from private credit lenders to refinance or repay part of the $3.2 billion debt maturing in 2024 and 2025.<\/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":[130,215,148],"tags":[],"class_list":["post-622728","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/622728","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=622728"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/622728\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=622728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=622728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=622728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}