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Moody s downgrades rating on senior unsecured bonds issued by Vedanta Resources

Vedanta s ratings reflect its unsustainable capital structure characterised by high financial leverage at the holding company and its perennially weak liquidity amid a period of continued large negative free cash flow, Moody s said.

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Vedanta shares may face pressure from downgrade after 28% drop this year

Vedanta Ltd said India Ratings and Research has downgraded its ratings for the long-term bank facilities and debt instruments.

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