ICRA Assigns AA Rating to Vedanta's Non-Convertible Debentures, Places on Watch
ICRA Limited has assigned 'ICRA AA' rating to Vedanta Limited's Non-Convertible Debentures and placed them on 'Watch Developing' status. The rating agency reaffirmed the company's long-term rating at ICRA AA with Watch Developing status and short-term rating at ICRA A1+, demonstrating continuity in creditworthiness assessment.
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Vedanta Limited has received rating actions from ICRA Limited on its debt instruments, with the rating agency assigning a 'ICRA AA' rating to the company's Non-Convertible Debentures while placing them on 'Watch Developing' status.
Rating Actions Overview
ICRA Limited, through its release dated February 26, 2026, published around 07:00 PM IST, performed comprehensive rating actions on Vedanta Limited's debt instruments. The rating agency assigned 'ICRA AA' to the company's Non-Convertible Debentures and placed them on 'Watch Developing' status.
| Rating Category: | Current Rating | Previous Rating |
|---|---|---|
| Long-term Rating: | ICRA AA / Watch Developing | ICRA AA / Watch Developing |
| Short-term Rating: | ICRA A1+ | ICRA A1+ |
| Non-Convertible Debentures: | ICRA AA / Watch Developing | - |
Regulatory Compliance
Vedanta Limited communicated these rating developments to BSE Limited and National Stock Exchange of India Limited in accordance with Regulation 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's disclosure was signed by Prerna Halwasiya, Company Secretary and Compliance Officer, and submitted on February 26, 2026.
Rating Continuity
The rating actions demonstrate continuity in ICRA's assessment of Vedanta Limited's creditworthiness. The long-term rating remains at 'ICRA AA' under 'Watch Developing' status, while the short-term rating has been reaffirmed at 'ICRA A1+'. The 'Watch Developing' status indicates that ICRA is monitoring developments that could influence the rating in either direction.
Additional Information
ICRA has provided detailed rationale for these rating actions, which can be accessed through the rating agency's official documentation at their website. The rating actions reflect ICRA's ongoing evaluation of Vedanta Limited's financial position and debt servicing capabilities across different instrument categories.
Historical Stock Returns for Vedanta
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.91% | -5.96% | +1.62% | +48.85% | +51.92% | +202.05% |
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