Vedanta Limited announced that India Ratings and Research Private Limited has withdrawn the credit ratings assigned to its Non-Convertible Debentures (NCDs). This action pertains to NCDs previously transferred to Vedanta Aluminium Metal Limited (VAML) following a demerger. The ratings for VAML’s debt remain IND AA+/Stable.
India Ratings Withdraws Vedanta’s NCD Ratings
Vedanta Limited has informed stakeholders that India Ratings and Research Private Limited (India Ratings) has withdrawn the credit ratings previously assigned to the Non-Convertible Debentures (NCDs) of Vedanta Limited. This action was effective on August 13, 2026, with the release published around 7:25 PM IST.
Details of Rating Withdrawal
The withdrawn ratings were associated with Vedanta Limited’s portfolio. Following a demerger, these NCDs were transferred to Vedanta Aluminium Metal Limited (VAML). It is important to note that the debt of VAML continues to hold a rating of IND AA+/Stable, as indicated by India Ratings.
Further Information
The detailed rationale provided by India Ratings for this withdrawal can be accessed via the following link: https://www.indiaratings.co.in/pressrelease/84847. Vedanta Limited requests that this information be taken on record.
Source: BSE
