Vedanta Stock Surges: Moody's, S&P Upgrade Outlook to 'Positive'

• Vedanta's outlook upgraded to 'Positive' by global rating agencies Moody's and S&P Global.
• Upgrades are attributed to strong earnings, cost reductions, deleveraging, and new capacity, especially in the aluminum business.
• Moody's noted improved EBIT/Interest Coverage, reduced interest expenses, and no bond maturities at the holding level until June 2028.
• S&P Global highlighted cost reduction, favorable product prices, and new aluminum capacity ramp-up as key drivers.
• S&P also indicated potential for a multi-notch rating upgrade if Vedanta continues to improve its capital structure and reduce debt-servicing requirements.

Why It Matters: Vedanta's positive credit outlook signals improved financial health and future growth.