Robust commodity prices and cost efficiencies will boost the cash flow of Vedanta Resources Ltd. over the next 12 months, potentially supporting significant deleveraging. Continued debt reduction coupled with sustained earnings would be crucial for maintaining credit metrics commensurate with a higher rating at most points in the commodity cycle. We affirmed our'BB'long-term issuer credit rating on Vedanta Resources. We also affirmed our'BB-'long-term issue ratings on the company's senior notes. The stable rating outlook reflects our expectation that robust commodity prices will support Vedanta Resources'ability to reduce debt meaningfully. Robust commodity prices and cost efficiencies will boost cash flow for Vedanta Resources over the next 12 months, with deleveraging outpacing our previous expectations. Drivers are
