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Credit Market
9 Aug 2021
Vedanta credit profile improves on commodity boom-Weekly Credit Analysis
The commodity boom that has taken up prices of commodities sharply higher over the last one year has been highly positive for debt ridden companies like Vedanta, who at one point of time was struggling to service debt and bond yields had shot up. The strong 1st quarter FY21 numbers is seen in the fall in bond yields of Vedanta. The company will have to use boom time to reduce debt to manageable levels to comfort bondholders.
Subhasis Mishra
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