New Delhi, May 29 -- Vedanta share price gained over 1% to hit a record high after the company announced that it had received its highest domestic credit rating in more than a decade. Rating agency ICRA, a Moody's affiliate, upgraded the long-term ratings of key Vedanta Group entities to AA+ with a Stable outlook.

ICRA upgraded the ratings of Vedanta Land Vedanta Aluminium Metal Ltd (VAML) to AA+/Stable, while Talwandi Sabo Power Ltd (TSPL) was upgraded to AA-/Stable from A+/Watch Developing. The agency also reaffirmed the group's short-term rating at the highest level of A1+.

(more to come)

Published by HT Digital Content Services with permission from MINT....