S&P Global Ratings upgraded London-based Vedanta Resources Ltd to BB from B+, citing improved finances and cost efficiency after the group’s demerger. The agency also raised ratings on the company’s senior unsecured notes to BB- from B-. The stable outlook reflects expected better cash flows, proactive refinancing, and ongoing deleveraging. S&P pointed to stronger aluminium competitiveness, a ramp-up of the Lanjigarh alumina refinery, backward integration into bauxite mining, and a liquidity position supported by long-term banking lines and sizable cash balances.
SoftBank expects another strong quarter, with profits boosted by its major investment tied to OpenAI as the AI firm’s valuation climbs. Yet the excitement is shadowed by a widening debt pile used to fund these bets. S&P Global Ratings has turned cautious, warning through a negative credit outlook as leverage rises.
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Ola Consumer says it is pressing ahead with IPO preparations, but its latest financials tell a tougher story. FY25 revenue fell 42% and losses more than doubled, with the company also losing market share to competitors. The squeeze has even affected its credit rating. Ola Electric, Bhavish Aggarwal’s other venture, is reportedly facing similar revenue stress.
Care Ratings has downgraded Goswami Infratech’s NCDs after pointing to delayed fundraising, an extended redemption timeline, weak cash flows, and higher refinancing risk. The rating agency said the company’s holding structure and dividend reliance further limit buffers, though past refinancing success and strategic stakes offer some support to credit flexibility.
Shriram Finance Limited has revised fixed deposit interest rates effective May 6, 2026, lowering returns across multiple tenures for deposits up to Rs. 10 crore. The move comes after the company’s upgrade to a AAA (Stable) credit rating, signaling strong safety for depositors. Investors, especially women and senior citizens, should compare new maturity-wise yields before locking funds.
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