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+.
According to Vedanta Group, this marks its strongest domestic credit profile since 2014 and is a significant milestone as two of the largest businesses emerging from the demerger framework have now secured AA+ ratings. These businesses together account for more than 75% of the group’s long-term debt.
In its rationale, ICRA cited stronger profitability, robust operational performance, improved liquidity, and enhanced financial flexibility across key businesses. The agency expects the momentum to continue through FY27, supported by favourable commodity prices, improving cost structures, and strong earnings visibility in the aluminium, zinc, and oil & gas segments.
