Vedanta shares may face pressure from downgrade after 28% drop this year
Vedanta Ltd said India Ratings and Research has downgraded its ratings for the long-term bank facilities and debt instruments.
Source: moneycontrol.com
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Vedanta Ltd said India Ratings and Research has downgraded its ratings for the long-term bank facilities and debt instruments.
CRISIL said there has been a sharp deterioration in the financial risk profile due to continued operating losses, stretch in liquidity due to buildup of subsidy receivables.
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