Vedanta Shares Surge After Fitch Upgrades Rating To B+ with Stable Outlook

Vedanta Shares Surge After Fitch Upgrades Rating To B+ with Stable Outlook

On January 21, 2025, shares of Vedanta Ltd experienced a notable increase, rising over 1% to ₹465 following a significant upgrade from Fitch Ratings. The global rating agency raised Vedanta Resources Ltd’s (VRL) long-term foreign-currency issuer default rating (IDR) from B- to B+ while simultaneously changing the outlook to stable.  The SME IPO of Capital … Read more