# The rating upgrade reflects the company's strengthening financial operations, improving cost structures, proactive refinancing and continued deleveraging.

*business · news · 2026-05-14 · The Economic Times*

## Key points

- S&P Global Ratings upgraded Vedanta Resources' long-term issuer credit rating to 'BB' from 'B+'.
- Vedanta's alumina refinery ramp-up at Lanjigarh will boost captive alumina coverage to over 75%.
- Increased backward integration into bauxite mining is expected to structurally strengthen Vedanta's margins.
- Vedanta Resources raised more than USD 3.5 billion via bond markets since late 2024.
- Improved liquidity is supported by over USD 2 billion in banking lines and over USD 3 billion cash.

**Companies:** Vedanta Resources Ltd
**Countries:** United Kingdom, India

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/sp-upgrades-vedanta-resources-rating-on-stronger-finances-demerger/articleshow/131096731.cms)

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