{"id":11197,"date":"2022-03-29T22:16:45","date_gmt":"2022-03-29T16:46:45","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-vedanta-rating\/"},"modified":"2022-03-30T07:30:47","modified_gmt":"2022-03-30T02:00:47","slug":"biz-vedanta-rating","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-vedanta-rating\/","title":{"rendered":"Ind-Ra upgrades Vedanta&#8217;s long-term issuer rating to &#8216;AA&#8217; with stable outlook"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1508862463\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Mar 29 (PTI) India Ratings and Research (Ind-Ra) on Tuesday said it has upgraded mining giant Vedanta Limited&#8217;s long-term issuer rating to &#8216;AA&#8217; with a stable outlook.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-102774886\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> AA-rated instruments are considered to have a high degree of safety regarding timely servicing of financial obligations.<\/p>\n<p> In a statement, the ratings agency said it has &#8220;upgraded Vedanta Limited\u2019s (VDL) long-term issuer rating to &#8216;IND AA&#8217; from &#8216;IND AA-&#8216; and the outlook is stable&#8221;.<\/p>\n<p> The rating upgrade reflects the group&#8217;s continuous deleveraging and expectation of an improvement in the consolidated operational cash flow in FY22 and FY23, following a significant increase in the operating profitability, led by high metal prices partly offset by raw material input inflation, Ind-Ra said.<\/p><div class=\"trade-content_5\" id=\"trade-1030475361\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> It further said Vedanta could achieve an EBITDA of Rs 450 billion in FY22 and FY23, revised from the earlier estimate of Rs 390 billion.<\/p>\n<p> The group has reported an EBITDA of Rs 400 billion in trailing 12 months (TTM) ended December 2021.<\/p>\n<p> VDL is likely to witness a higher-than-expected reduction in the total debt (including parent debt) with clear capital allocation framework focussing only on high return capex, the rating agency said.<\/p>\n<p> Vedanta Limited is a diversified natural resources player, with a significant presence in zinc, oil and gas, copper, aluminium, iron ore and power sectors. VDL generates 90 per cent of its consolidated EBITDA from aluminium, zinc and oil and gas businesses. PTI ABI  ABI HVA HVA<\/p>\n<div class=\"trade-after-content\" id=\"trade-1525037409\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Mar 29 (PTI) India Ratings and Research (Ind-Ra) on Tuesday said it has upgraded mining giant Vedanta Limited&#8217;s long-term issuer rating to &#8216;AA&#8217; with a stable outlook. AA-rated instruments are considered to have a high degree of safety regarding timely servicing of financial obligations. In a statement, the ratings agency said it has [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-11197","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ind-Ra upgrades Vedanta&#039;s long-term issuer rating to &#039;AA&#039; with stable outlook - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-vedanta-rating\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ind-Ra upgrades Vedanta&#039;s long-term issuer rating to &#039;AA&#039; with stable outlook\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Mar 29 (PTI) India Ratings and Research (Ind-Ra) on Tuesday said it has upgraded mining giant Vedanta Limited&#8217;s long-term issuer rating to &#8216;AA&#8217; with a stable outlook. 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