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The junk-rated miner said last week its bondholders approved the changes after months of talks to tackle more than $3 billion of bonds maturing in 2024 and 2025. Under the deal, the company will pay $779 million upfront, with the remaining principal extended by as much as four years. ....
S&P downgrades Vedanta Resources to 'selective default' after debt extension - Industry News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Citations: 2023 LiveLaw (Ori) 01 To 2023 LiveLaw (Ori) 120 [Citations 1-120]Nominal Index:Animesh Chakraborty v. State of Odisha, 2023 LiveLaw (Ori) 1Vedanta Limited, Jharsuguda v. Union of India,. ....
Vedanta share price today: Moody's downgraded Vedanta Resources' CFR to Caa3 from Caa2 and its senior unsecured bonds to Ca from Caa3. It retained its negative rating outlook. The rating agency had last cut VRL ratings in Sept 2023.
Vedanta s ratings reflect its unsustainable capital structure characterised by high financial leverage at the holding company and its perennially weak liquidity amid a period of continued large negative free cash flow, Moody s said. ....