On Friday, Credit Rating agency, CRISIL Ratings has upgraded the long-term rating of Vedanta Ltd.
The rating agency has now improved the company’s outlook to stable from positive with an upward revision in ratings to ‘CRISIL AA’. CRISIL earlier has assigned a ‘CRISIL AA-‘ rating to the company and has given a positive outlook.
This rating reflects the high creditworthiness of the company’s debt instruments.
Vedanta opened higher in today’s trade at Rs345.90. It is currently trading at Rs354.45, up by Rs16.40 or 4.85% against its previous closing price of Rs338.05. Its scrip touched day’s high and low of Rs355.85 and Rs345.50 respectively.
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