A timely ramp-up in Vedanta Resources Ltd.'s recently commissioned facilities in the aluminium business will improve its cost structure and support earnings and cash flow. Lower interest expenses at the holding company level will aid deleveraging as a large part of the dividend from subsidiary Vedanta Ltd. can now be used to reduce debt. As a result, we revised our rating outlook to positive from stable and affirmed our 'B+' foreign currency issuer credit rating on Vedanta Resources. We also affirmed the issue rating of 'B' on the company's senior unsecured notes. At the same time, we assigned our 'B+' local currency issuer credit rating on Vedanta Resources with positive outlook. The positive outlook on the long-term issuer credit ratings
