...- Vedanta Resources Ltd. has a more manageable debt maturity profile following the extension of three bond maturities in a recent liability management exercise. However, the company's liquidity remains weak, due to potentially reduced access to external funding and internal cash flow from operating subsidiaries. - We raised our long-term issuer credit rating on Vedanta Resources to '###+' from '##' (selective default). We also raised our long-term issue ratings on the company's outstanding bonds due January 2024, August 2024, and March 2025 to '###+' from 'D'. - At the same time, we raised our long-term issue rating on its April 2026 bond, which was not part of the liability management, to '###+' from '###'. We removed the rating from CreditWatch where we had placed it with developing implications on Dec. 14, 2023. - The stable outlook on Vedanta Resources reflects the high prospects that the company will meet its debt obligations over the next 12-15 months, after completing its liability...
