Vedanta Secures Decade-High Credit Rating Boost from ICRA

In a notable development, Vedanta has attained its highest domestic credit rating in over ten years following an upgrade by ICRA. This increase to AA+ reflects the group's operational strength and improved financial standing post-demerger, underpinning over 75% of its long-term debt.

Vedanta Group has achieved a significant milestone by receiving its highest domestic credit rating in more than a decade. The upgrade by rating agency ICRA has elevated the long-term ratings of Vedanta's principal entities to AA+.

This enhancement is a testament to Vedanta's strong operational performance, sustainable financial structure, and strategic efficiencies following its recent demerger. Vedanta Aluminium Metal Ltd is one key entity benefiting from this upgrade, along with Talwandi Sabo Power Limited, which improved to AA- from A+/WatchDeveloping.

ICRA's assessment underlines Vedanta's notable profitability and robust liquidity, projecting these trends to persist through FY27. The group's efforts in lowering borrowing costs and extending debt maturities contribute significantly to this credit milestone.