India, July 17 -- Vedanta Group has received a major credit rating boost from CRISIL Ratings, with its flagship company, Vedanta Limited, securing its highest long-term rating in more than a decade. The ratings agency also upgraded key group entities across aluminium, oil and gas, and power businesses, while removing Vedanta Limited, Vedanta Aluminium and Vedanta Oil & Gas from "Rating Watch with Developing Implications".

The latest action reflects CRISIL's assessment of the group's stronger financial position following the demerged structure, lower leverage and sustained earnings across its core businesses.

CRISIL upgraded the long-term rating of Vedanta Limited to AA+/Stable, marking the company's strongest credit profile since 2014....