Key Points
Billionaire Anil Agarwal-controlled Vedanta Resources Limited on Thursday said that S&P Global Ratings has upgraded its ratings from 'CCC+' to 'B-' citing the companys improving capital structure and liquidity while assigning a stable outlook..
The natural resources, energy to technology conglomerate has been significantly deleveraging its balance sheet leading to a robust capital structure that supports sustainable growth over the long term..
S&P revised its estimates on VRLs earnings, estimating the EBITDA for fiscals 2025 and 2026 to be in the range of US$5.5 billion - US$6.0 billion annually...
S&P noted in its research update that VRL has adequate internal funds to meet US$1.4 billion of debt maturities due by end 2025..
Vedanta Chairman Anil Agarwal said, The overwhelming response to the Vedanta QIP underscores the huge confidence that the global investor community has in Vedanta - our unique set of irreplaceable world-leading assets, our quest for operational and cost excellence, and the solidity of our strategic future growth projects..
