S&P cuts rating of Vedanta parent, flags default risk – Times of India
MUMBAI: Rating agency S&P has downgraded Anil Agarwal‘s Vedanta Resources to ‘CC’, citing the company’s decision to extend the maturity of its international bonds as a ‘distressed exchange‘. The UK-incorporated Vedanta Resources, the parent company of India-listed Vedanta Limited, has been retained on credit watch with negative implications.The rating agency had earlier downgraded the company…
