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Vedanta shares jump 2% to hit fresh 52-week high. What’s behind the surge?
Vedanta shares hit a fresh record high after ICRA upgraded the companys long-term credit rating to AA+ with a stable outlook, marking its highest domestic rating in over a decade. The upgrade reflects stronger profitability, improving leverage metrics and expectations of continued healthy cash flow generation following the groups ongoing demerger process.
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thehindu.com
ICRA upgrades Vedanta’s credit rating to AA+, the highest rating over a decade
ICRA upgrades Vedanta's credit rating to AA+, marking its highest level in over a decade, with a stable outlook.
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hindustantimes.com
Vedanta secures highest domestic credit rating since 2014 after ICRA upgrades key entities to AA+
ICRA also retained Vedanta’s short-term rating at A1+, which is the highest category for short-term instruments. | India News
