...- We expect Vedanta Resources Ltd.'s liquidity over the next one to two years to be weaker than we had previously expected due to lower commodity prices and the recent volatility in the capital markets. - The expected improvement in Vedanta Resources' operating performance, such as product volumes and cost position especially in aluminum, is unlikely to be fully realized in the next 12 months due to likely lower product prices. - On March 24, 2020, S&P Global Ratings lowered its long-term foreign currency issuer credit rating on Vedanta Resources and its long-term issue rating on the U.S. dollar-denominated senior unsecured notes the company issued or guarantees to 'B-' from 'B'. - The stable outlook reflects our view that the India-based commodities producer will address debt maturities, despite increased funding challenges....
