Moody's downgrades Vedanta as bond restructuring gets investor nod

[Bilgin]

Moody's downgrades Vedanta as bond restructuring gets investor nod Vedanta Resources had last week received investor consent to restructure about $3.8 billion of its outstanding corporate bonds. Moody’s said the company is likely to face material liquidity issues over the coming 24 months and the risk of default risk remains high