The company continues to face challenges in refinancing its debt, a reflection of reduced appetite from the lending community, and a key credit concern, says the rating agency
Moody’s Investors Service has downgraded the rating of Vedanta Resources Ltd because of the elevated risk of debt restructuring over the next few months, as the firm has not made progress on refinancing its upcoming debt maturities.
Moody’s said it has downgraded to Caa2 from Caa1, the
Foreign institutional investors (FII) sold shares worth Rs 2,333.03 crore, while domestic institutional investors (DII) bought Rs 1,579.28 crore worth of stocks on September 25, provisional data from the National Stock Exchange (NSE) showed.
Tata Steel: The second-largest steel market, India, would be a key driver of the company's credit profile, as steel consumption climb at a 7 per cent cumulative annual growth rate until 2030, Moody’s said.