After Moody’s, S&P Global cuts Vedanta Resources’ rating; co placed under ‘CreditWatch negative’
MUMBAI – S&P Global Ratings has lowered the long-term issuer credit rating of Vedanta Resources and also on its outstanding debt to “CCC” from “B-”. The rating downgrade by S&P comes two days after Moody’s Investors Service slashed the conglomerate’s rating. It has also placed the ratings under CreditWatch with negative implications. “We believe the … Read more