Vedanta slips nearly 3% after Moody’s downgrades its parent company’s rating

Moody’s Traders Service on Tuesday mentioned it has downgraded its score on the senior unsecured bonds issued by Vedanta Sources to Ca from Caa3. The brokerage has additionally downgraded the score for the Company Household Ranking (CFR) of Vedanta Sources to Caa3 from Caa2.
 

The inventory of Vedanta Ltd was buying and selling decrease by 2.78 per cent, or Rs 7.25, at Rs 253.20 at 9:33 am on Wednesday. Picture: Reuters/Representational