S&P warns of downgrading Vedanta Resources’ ratings

S&P Global Ratings has warned that any changes in Vedanta Resources' financial policy regarding debt transactions could lead to a downgrade of its credit rating. This would occur if Vedanta attempts a debt deal without adequate compensation or buys back debt below its face value. Vedanta is currently exploring ways to meet its obligations, but S&P maintains a negative outlook on the company due to potential funding shortfalls.

from Stocks-Markets-Economic Times https://ift.tt/IfQHVCn
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