S&P raises Vedanta Sources’ score to “B+” on easing refinancing dangers

S&P International Scores upgraded the score on Vedanta Sources on Monday, citing easing refinancing dangers for the UK-based pure sources group.

The score company bumped up the guardian of Indian miner Vedanta to “B+” from “B” with a steady outlook and eliminated it from credit score watch.

An additional improve will rely upon sustainable money move and dividend technology on the group stage, the scores company mentioned.

“We take into account the refinancing of $600 million 2026 bonds as a digital certainty… Refinancing of the 2026 bonds will considerably scale back liquidity strain and reduce refinancing danger,” S&P International Scores mentioned in an announcement.

Vedanta Sources has seen its score being upgraded in current months after in search of to decrease its debt and enhance its capital construction.

In January, Moody’s upgraded the corporate, flagging softening liquidity and refinancing dangers. S&P had upgraded Vedanta Sources thrice in 2024, with the most recent elevate to “B” from “B-” in December.