SINGAPORE (S&P Global Ratings) March 21, 2022--Vedanta Resources Ltd.'s refinancing of its upcoming debt maturities over the next six months has become more challenging, given tightening conditions in capital markets. The maturities, totaling more than US$2 billion during this period, include its US$1 billion bond due in July 2022, which we previously expected to be refinanced through a new bond issuance earlier this year. S&P Global Ratings has a 'B-' rating on Vedanta Resources with a stable outlook. In this document, we address key questions regarding our view of the London-headquartered, Indian company's refinancing risk and rating outlook. While current capital market conditions have reduced Vedanta Resources' funding options, its strong underlying operations remain supportive of the company's ability to
