+
Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015
POWER & RENEWABLE ENERGY

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.

Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.

The upgrade represents Vedanta Resources’ highest bond rating since 2015 and signals a structurally improved financial profile supported by stronger earnings visibility and continued deleveraging. Fitch attributed the rating action to expectations of solid EBITDA generation in the medium term, backed by favourable commodity pricing, stable production volumes and an improving cost structure.

Fitch also pointed to stronger financial discipline, highlighting Vedanta’s refinancing initiatives, improved debt maturity profile and reduced borrowing costs at the holding company level. The ratings agency expects proportionately consolidated net leverage to remain below 3.0x during FY26–FY29, supported by robust earnings and sustained debt reduction efforts.

In addition, Fitch noted Vedanta’s diversified business model and strong market positioning across key commodities including zinc, aluminium, and oil & gas. The agency further highlighted that Vedanta has limited exposure to the Middle East for revenues as well as key inputs such as coal, bauxite and alumina, which helps reduce supply chain-related risks.

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedanta Resources’ highest bond rating since 2015 and signals a structurally improved financial profile supported by stronger earnings visibility and continued deleveraging. Fitch attributed the rating action to expectations of solid EBITDA generation in the medium term, backed by favourable commodity pricing, stable production volumes and an improving cost structure.Fitch also pointed to stronger financial discipline, highlighting Vedanta’s refinancing initiatives, improved debt maturity profile and reduced borrowing costs at the holding company level. The ratings agency expects proportionately consolidated net leverage to remain below 3.0x during FY26–FY29, supported by robust earnings and sustained debt reduction efforts.In addition, Fitch noted Vedanta’s diversified business model and strong market positioning across key commodities including zinc, aluminium, and oil & gas. The agency further highlighted that Vedanta has limited exposure to the Middle East for revenues as well as key inputs such as coal, bauxite and alumina, which helps reduce supply chain-related risks.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code