S&P Global Ratings on Monday said it has raised long-term issuer credit rating on Vedanta Resources. The rating has been upgraded to 'CCC+' from 'selective default'. On January 12, S&P Global Ratings downgraded debt-laden Vedanta Resources Ltd to 'selective default' after the mining conglomerate concluded a deal with creditors to extend the maturities of its three dollar bonds. S&P Global Ratings has also raised its long-term issue ratings on the company's outstanding bonds due in January and August this year, and March next year to 'CCC+' from 'D'. "Completion of the liability management exercise has alleviated refinancing risk for Vedanta Resources, although liquidity risks remain," S&P Global Ratings said in a statement. At the same time, S&P Global Ratings has raised its long-term issue rating on its April 2026 bond, which was not part of the liability management, to 'CCC+' from 'CCC'. The stable outlook on the London-headquartered firm reflects the high ... Read The Rest at :