S&P Global Ratings downgrades Vedanta Resources’ rating to ‘CC’: All you need to know

S&P Global Ratings has revised Vedanta Resources‘ (VRL) rating downwards from ‘CCC’ to ‘CC’ due to worries over the extension of certain bond maturities, Reuters reported. London-based VRL is the parent of Indian miner Vedanta. The decision stemmed from the heightened “likelihood of a conventional default” in VRL’s bonds, S&P Global said. It also highlighted…

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