Announced Mon, 29 Jun · 20:14 IST
ICRA assigns AA+ Stable rating to Vedanta Oil and Gas for term loan
VOGL · 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
+15.8%1-day move
₹33.40
prior close
₹32.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+4.2+2.1+2.6+0.1+15.8+35.3+28.5+15.9+7.6+14.0+4.2———
Up moveDown movePending
AI summary
ICRA has assigned a credit rating of AA+ with a Stable outlook to Vedanta Oil and Gas Limited for its Long-term Fund-based Term loan. AA+ is a high investment-grade rating, indicating strong capacity to meet financial commitments and low default risk. The Stable outlook means ICRA does not expect the rating to change in the near term. This is a new rating assignment for the company.
Likely market impact
AA+ rating signals strong creditworthiness, likely lowering borrowing costs and boosting investor confidence in the company.