S&P upgrades Vedanta Resources rating on improving capital structure

Vedanta Resources Ltd's rating upgraded from 'CCC+' to 'B' by S&P Global Ratings due to improved capital structure and liquidity. They have internal resources to meet debt maturities until December 2025. Vedanta also raised around USD 500 million by selling a stake in its subsidiary Vedanta Ltd. S&P maintained a stable outlook, projecting stronger earnings.