Vedanta Resources PLC - S&P Global Ratings’ Credit Research

Vedanta Resources PLC

Vedanta Resources PLC - S&P Global Ratings’ Credit Research
Vedanta Resources PLC
Published Dec 06, 2018
19 pages (6359 words) — Published Dec 06, 2018
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Cash flow exposure to volatile commodity prices. High regulatory risks from operations in countries such as India and Zambia. Work in progress to reduce the high cost position of aluminum operations. Cost-efficient zinc and oil businesses. Fair diversity of businesses. High debt because of debt-funded growth. Use of high short-term debt at operating subsidiaries. Complex, although improving, organizational structure that adversely affects cash flow fungibility and potential for debt reduction. Positive free operating cash flows at the consolidated level. The stable outlook reflects our expectation that Vedanta Resources PLC's operating performance is likely to continue improving gradually over the next 12 to 18 months and support the company's financial position. We also expect Vedanta Resources to have the financial flexibility

  
Brief Excerpt:

...Business Risk: Fair Financial Risk: Highly leveraged + Cash flow exposure to volatile commodity prices. + High regulatory risks from operations in countries such as India and Zambia. + Work in progress to reduce the high cost position of aluminum operations. + Cost-efficient zinc and oil businesses. + Fair diversity of businesses. + High debt because of debt-funded growth. + Use of high short-term debt at operating subsidiaries. + Complex, although improving, organizational structure that adversely affects cash flow fungibility and potential for debt reduction. + Positive free operating cash flows at the consolidated level....

  
Report Type:

Full Report

Ticker
VED@LN
Issuer
GICS
Diversified Metals & Mining (15104020)
Sector
Global Issuers
Country
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Vedanta Resources PLC" Dec 06, 2018. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Vedanta-Resources-PLC-2140969>
  
APA:
S&P Global Ratings’ Credit Research. (). Vedanta Resources PLC Dec 06, 2018. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Vedanta-Resources-PLC-2140969>
  
US$ 500.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.