Vedanta Limited has announced that ICRA Limited has reaffirmed its credit ratings following a review on February 26, 2026. The long-term rating for the Non-Convertible Debentures remains at ICRA AA, placed under ‘Watch Developing’. Simultaneously, the short-term rating has been reaffirmed at ICRA A1+. The company directed stakeholders to the detailed rationale provided by the rating agency for further clarity on the assessment.
Credit Rating Update for Vedanta Limited
Vedanta Limited issued a formal intimation regarding the recent actions taken by the credit rating agency, ICRA Limited, on February 26, 2026. This disclosure was made in compliance with applicable listing regulations.
Rating Actions Overview
ICRA performed a review resulting in the following ratings assigned to Vedanta Limited’s instruments:
- The Non-Convertible Debenture has been assigned an ‘ICRA AA’ rating and placed on ‘Watch Developing’ status.
- The long-term rating continues to be maintained at ICRA AA, also under ‘Watch Developing’.
- The short-term rating has been reaffirmed at ICRA A1+.
The announcement noted that the overall ratings status remains unchanged from the previous assessment, which was recorded as ICRA AA / Watch Developing/ ICRA A1+.
Accessing Detailed Rationale
For comprehensive details regarding the agency’s assessment methodology and the basis for maintaining the ‘Watch Developing’ status alongside the reaffirmed ratings, stakeholders are directed to access the official rationale via the provided link on the ICRA website.
Source: BSE
