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Vedanta shares rise as Fitch upgrades rating to B+, changes outlook to stable

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Shares of Vedanta rose over 1% to Rs 465 after the credit rating agency Fitch upgraded Vedanta Resources’ (VRL) long-term foreign-currency issuer default rating to ‘B+’ from ‘B-‘ and changed the outlook to stable.

This was followed by a “significant reduction” in the company’s refinancing…

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