Vedanta tanks 6% as Moody’s downgrades corporate family rating to Caa2

Vedanta tanks 6% as Moody’s downgrades corporate family rating to Caa2

Shares of Anil Agarwal-led Vedanta tumbled 6.25 per cent to Rs 210 apiece on the BSE on Wednesday after Moody’s Investors Service downgraded the corporate family rating for Vedanta Resources Limited (VRL) to ‘Caa2’ from the earlier ‘Caa1’ Moody’s has also downgraded its rating  to ‘Caa3’ from ‘Caa2’on the senior unsecured bonds issued by VRL, [...]