CRISIL Upgrades Long-Term Rating for Vedanta Aluminium Metal Limited
CRISIL Ratings Limited has announced a rating upgrade and outlook improvement for Vedanta Aluminium Metal Limited. The agency assigned a long-term rating of AA+ with a Stable outlook to the company, marking a significant shift from its previous status.The revision includes an upgrade for the Non-Convertible Debentures, which have been assigned a CRISIL AA+ rating and placed on a Stable outlook. Additionally, the short-term rating for the company has been reaffirmed by the agency.
The following table summarizes the rating changes as reported by CRISIL:
| Name of the Company | Ratings |
|---|---|
| Vedanta Aluminium Metal Limited | CRISIL AA+ / Stable / CRISIL A1+ |
| Previous Rating | CRISIL AA / Watch Developing / CRISIL A1+ |
VAML Stock Price Movement
Vedanta Aluminium Metal Limited shares rallied 1.69% to settle at ₹455.95 today. The stock saw 11.37 million shares change hands as it navigated a daily range between ₹450.5 and ₹461.8.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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