Announced Thu, 16 Jul · 19:21 IST
Crisil upgrades Vedanta Power long-term rating to AA plus CE
VEDPOWER · 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
-2.1%1-day move
₹39.39
prior close
₹39.33
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.5-0.4-0.4-0.6-2.1-4.1-10.2-12.0-10.8—————
Up moveDown movePending
AI summary
CRISIL reaffirmed Vedanta Power's standalone rating at AA minus with Stable outlook and removed it from Rating Watch with Developing implications. The long-term rating on specific guaranteed instruments was upgraded from AA (CE) to AA plus (CE), backed by a guarantee from parent Vedanta Limited. The action reflects stronger parental support and improved credit profile.
Likely market impact
Positive credit signal: upgraded guaranteed rating and removal from watch suggest lower borrowing costs and stronger financial standing.