Vedanta's funding ops to improve on raising debt cap at subsidiary: S&P

Global rating agency Standard and Poor's (S&P) on Wednesday said that Vedanta Resources Ltd can increase its funding options to address its refinancing needs if it secures consent to raise the cap on total debt at subsidiary guarantor Twin Star Holdings Ltd.

The exercise will not have any immediate effect on the rating of Vedanta Resources (B-/Stable/--).

Investors have been more receptive to debt issued via Twin Star than that from Vedanta Resources, a global miner. Fundraising via Twin Star would help address refinancing, especially a $1 billion bond due July 2022. It could also help Twin Star increase its stake in