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VERIFIEDET Finance·positive
Crisil Ratings upgrades long-term ratings of Vedanta group companies
AI Summary
- ·Crisil Ratings has upgraded Vedanta group companies' long-term ratings to AA+ with a stable outlook.
- ·The upgrade is attributed to the demerged entities' strong financial profile and improved financial flexibility.
- ·Leverage is projected to remain comfortably below 1.0x in the medium term.