Announced Thu, 13 Aug · 20:38 IST
India Ratings upgrades Vedanta NCD rating to AA+ post-demerger transfer
VEDL · 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
-0.5%1-day move
₹271.10
prior close
₹270.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.7-0.7-0.4-0.5-2.6-3.1-1.1——————
Up moveDown movePending
AI summary
India Ratings has withdrawn NCD ratings from Vedanta Limited and transferred them to Vedanta Aluminium Metal Limited (VAML) following the demerger. The rating has been upgraded from IND AA- with developing implications to IND AA+/Stable in the VAML portfolio.
Likely market impact
Positive. Upgrade from AA- to AA+/Stable reflects improved credit profile for VAML, the entity now holding the debt.