We expect commodity prices to remain resilient over the next 12-24 months, supporting Vedanta Resources Ltd.'s earnings and credit metrics. A proposed refinancing plan will improve the India-focused commodity company's debt maturity profile, potentially reducing funding cost and bolstering liquidity. On June 23, 2026, S&P Global Ratings affirmed its 'BB' long-term issuer credit rating on Vedanta Resources. At the same time, we assigned our ?BB-? issue rating to the company's proposed senior notes. The stable rating outlook reflects our expectation that Vedanta Resources' cash flow will improve, and the company will be proactive in refinancing and continue to reduce debt over next 12-24 months. Resilient commodity prices will support Vedanta Resources? earnings . We now estimate Vedanta Resources' EBITDA will
