Vedanta Resources Ltd., the mining group led by Indian billionaire Anil Agarwal, has received an upgrade in its ratings from Moody's Ratings. The corporate family rating for Vedanta has been revised to B3 from Caa1, indicating improved financial stability.

This upgrade reflects the company's enhanced access to funding, which is crucial for its operational and financial strategies.

Moody's has also upgraded the senior unsecured bonds issued by Vedanta Resources and its wholly-owned subsidiary from Caa2 to Caa1. This upgrade reflects the company's enhanced access to funding, which is crucial for its operational and financial strategies.