New Delhi, Aug. 6 -- CRISIL Ratings has assigned a 'CRISIL AA/Stable' rating to the proposed long-term bank facilities of Vedanta Iron and Steel Ltd., highlighting the company's strong integrated business model, diversified mining portfolio and improving financial profile following the Vedanta Group demerger.
According to CRISIL, the rating reflects the company's integrated iron ore-to-steel value chain, healthy liquidity position, improving leverage profile, and continued strategic importance within the Vedanta Group. The agency also noted that the company benefits from continued strategic support from the Vedanta Group, strengthening its long-term credit profile.
The rating is expected to reinforce investor and lender confidence in Veda...