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Vedanta secures $1.25 bn for debt refinancing; S&P downgrades rating

New Delhi, Dec 14 (PTI) Vedanta Resources Ltd (VRL), the UK-headquartered parent company of Vedanta group, said it has secured a USD 1.25 billion loan from private credit lenders to refinance/repay part of the USD 3.2 billion debt maturing in 2024 and 2025, but this did not prevent S&P Global from downgrading its ratings. ....

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