We expect Vedanta Resources' operating and financial performance to improve over the next six to nine months on higher metal prices and the company's ongoing ramp-up of aluminum operations. Vedanta Resources' financial flexibility is likely to improve, in our view, supported by better financial performance and the expected merger of Cairn India with Vedanta Ltd. We are revising the outlook on Vedanta Resources to positive from stable and affirming our 'B' foreign currency long-term corporate credit rating on the company. We are also affirming our 'B' long-term issue ratings on the company's guaranteed notes and loans. The positive outlook reflects our expectation that Vedanta's operating and financial performance will improve over the next six to nine months on higher commodity
