Wednesday, February 6, 2019

Moody's : Vedanta out look negative

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Moody’s says that it has changed the outlook for Vedanta Resources to negative from stable.The rating action reflects the heightened risk of cash movement outside Vedanta, following a $561 million structured payment by the company’s operating subsidiary to  Volcan Investments.

Vedanta is one of the worst performer in the stock exchanges having lost more than 50% in the last one year. The stock closed at Rs 163,up one percent in Tuesday's trading.

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