S&P cuts Vedanta Resources’ rating; puts it under ‘CreditWatch negative’

The proximity of Vedanta Resources’ large bond maturity in January 2024 has increased the likelihood of the company undertaking a liability management exercise, S&P Global said. The parent of Vedanta Ltd has initiated talks with bondholders to help address the company’s bond maturities of about $3 billion, including $1 billion in January 2024