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

06 Apr 2026 CW Team

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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..