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restructuring: Vedanta Resources downgraded over 'interest burden'

Ahead of its restructuring, Vedanta Resources had $3 billion due in the current financial year, and $4.6 billion in the next. Post restructuring, these liabilities have reduced to $2 billion in 2023-24 (Apr-Mar), and $2.4 billion in FY25.

India , Bonds , Vedanta-resources , India-listed-vedanta , Restructuring , Interest-burden , Creditsights , Downgraded , Higher-interest-costs , Bond-prices , Funding-shortfall

Adani bond rebound helps erase short seller hit: Credit weekly

India Business News: A rally over the last week was powerful enough to erase some losses on a series of dollar bonds tied to the conglomerate of billionaire Gautam Adani, .

India , Sanjiv-bhasin , Sharon-chen , Kamil-dimmich , Gautam-adani , Exchange-board-of-india , Hindenburg-research , India-supreme-court , Adani-group , Bloomberg , London-based-north , Supreme-court

Vedanta: Vedanta demerger plan credit negative: CreditSights

CreditSights has maintained its 'buy' recommendation for Vedanta Resources but said it would prefer April 2026 bonds of the company.

Mumbai , Maharashtra , India , Vedanta-ltd , Vedanta-inc-volcan , United-kingdom-based-vedanta-resources , Cairn-india , Vedanta-inc , Vedanta-resources , Vedanta , Bondholders

Top-tier PH banks still favored by CreditSights

BIGGER banks in the country are still expected to perform better than their smaller counterparts amid the uncertain business environment marked by elevated inflation and higher interest rates, a Fitch Group unit said.

Rizal , San-carlos , Negros-occidental , Philippines , Philippine , Benguet , Manila , Philippine-islands , Philippines-general- , Bangko-sentral , Rizal-commercial-banking-corp , Union-bank

semiconductor manufacturing: Foxconn-Vedanta JV split credit negative for UK conglomerate: CreditSights

Foxconn withdrawing from a $19.5bn semiconductor JV with Vedanta is a “credit negative” for Vedanta Resources, according to debt research company CreditSights. Although Vedanta said it will still enter the semiconductor area this year having found alternative partners, this increases the probability of funding from Vedanta itself, says CreditSights. The research group also predicts that Foxconns exit represents a loss of a partner for sharing manufacturing costs and adds credit metrics for both Vedanta Resources and Indias Vedanta will come under strain.

India , United-kingdom , Fitch-group , Vedanta-resources , Vedanta-resource , Semiconductor-manufacturing , Vedanta , Foxconn-vedanta-jv , Foxconn , Creditsights , Debt-research-firm

vedanta resources stock update: CreditSights recommends a 'buy' for Vedanta Resources for offshore bonds

CreditSights, owned by Fitch Ratings, has recommended investors buy bonds of Vedanta Resources (VRL) with a high-risk appetite and a possible sharp sell-off nature. However, it also expects VRL to handle its debt maturities in the next 12 months and anticipates the rally in bond prices by 10-15 points.

Mumbai , Maharashtra , India , Glencore , Jp-morgan , Trafigura , Fitch-ratings , Vedanta-resources , Vedanta-resources-stock-update , Vedanta , Creditsights

Fitch Ratings, Hindenburg Research : State Bank of India Has Well-Manageable Exposure To Adani Group, Says CreditSights

Most of SBI's exposure to the Adani Group was secured by completed and cash-generating assets while the rest of the exposure was to on-schedule, under-construction projects, said CreditSights.

India , Dinesh-kumar-khara , Fitch-ratings , Adani-group , Hindenburg-research , Manageable-exposure-to-adani-group , Well-manageable-exposure-to-adani-group , Says-creditsights , Chairman-dinesh-kumar-khara , Kumar-khara , Reserve-bank , Business

Adani Group continues to seek equity partners: Report

CreditSights said the conglomerate is venturing into new or unrelated businesses which are highly capital intensive. It has plans for four business verticals including energy and utility, transport and logistics, materials metals and mining, and consumer, said CreditSights.

Adani-group , Gautam-adani , Creditsights ,

Credit Research Firm Red-Flags Adani Group's House of Debt

The report draws up a number of credit concerns posed by the Adani Group, ranging from its overly-leveraged aggressive expansion to forays into new/unrelated businesses and risks emanating from competing with the likes of Reliance Industries.

New-delhi , Delhi , India , Mauritius , Mumbai , Maharashtra , Port-louis , Saint-george , Grenada , Gautam-adani , Mukesh-ambani , Adnan-abid

Fitch Group to Acquire CreditSights, Inc., a Leading Provider of Independent Credit Research

Fitch Group to Acquire CreditSights, Inc., a Leading Provider of Independent Credit Research
Fitch Group, a global leader in financial information services owned by Hearst, today announced it will acquire CreditSights, Inc., a leading provider of independent credit research to the global financial community.
The company is being acquired from the founders, along with other shareholders and investors. Financial terms for the deal were not disclosed, and closing is subject to regulatory approvals and other customary closing conditions.
Following the closing, CreditSights will become part of Fitch Group's Fitch Solutions division, as it further expands its research coverage of investment grade, leveraged and distressed debt markets. Fitch Solutions is a leading provider of credit and macro intelligence, and the primary partner to Fitch Ratings for the distribution of its ratings-related content.

New-york , United-states , Singapore , Boston , Massachusetts , California , Sacramento , Houston , Texas , Denver , Colorado , London