ICRA has awarded Vedanta’s Rs 2,500-crore commercial paper with an A1+ rating, citing the company’s diversified product portfolio and robust market share. A1+ is the highest rating, indicating exceptional credit quality and strong repayment capabilities. Similarly, Vedanta’s long-term bank loans secured an AA- rating from the credit rating agency, further affirming its financial stability. Vedanta’s strategic plan includes a vertical split of its businesses, with intentions to list five entities on stock exchanges by year-end. This move underscores Vedanta’s commitment to enhancing transparency and unlocking shareholder value through focused business segments.
Vedanta’s Commercial Paper Receives Top Rating from ICRA for Strong Creditworthiness
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