Announced Thu, 13 Aug · 20:05 IST
Credit rating upgraded to AA+/Stable from AA-
VAML · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.0%1-day move
₹451.05
prior close
₹450.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-1.0-1.6-1.2-2.0-1.1-3.3-3.3——————
Up moveDown movePending
AI summary
India Ratings and Research upgraded Vedanta Aluminium Metal Limited long-term rating to IND AA+/Stable from IND AA-/Rating Watch with Developing Implications. The agency also assigned IND AA+ to the company Non-Convertible Debentures with a Stable outlook, signalling improved financial standing.
Likely market impact
Positive for shareholders - signals stronger credit profile, likely lower borrowing costs and improved investor confidence in the company debt.