Vedanta Limited has announced that credit rating agency ICRA Limited has reaffirmed the company’s long-term and short-term ratings. The company maintains its ICRA AA status for long-term debt and ICRA A1+ for short-term debt, both continuing under ‘Watch Developing’ status. Additionally, ICRA has withdrawn the rating for Rs. 2,600 crore in Non-Convertible Debentures, which are being transferred to Vedanta Aluminium Metal Limited following the company’s demerger process.
Rating Summary
Following a review conducted on May 06, 2026, ICRA Limited has maintained the credit ratings for Vedanta Limited. The company continues to hold an ICRA AA rating for its long-term instruments and an ICRA A1+ rating for its short-term debt. These ratings remain placed on ‘Watch Developing’, reflecting the agency’s ongoing monitoring of the company’s financial and operational status.
Debt Realignment
A notable change in the credit profile involves the withdrawal of ratings for Rs. 2,600 crore worth of Non-Convertible Debentures. This action was taken by ICRA because these specific debt instruments are being transferred to Vedanta Aluminium Metal Limited. This transfer is a direct result of the recent post-demerger restructuring of Vedanta Limited, and the withdrawal aligns with the rating agency’s standard policies regarding credit instrument movement between corporate entities.
Source: BSE
