Shares of Vedanta declined nearly 6% touching to Rs. 210, after Moody’s Investors Service downgraded the corporate circle of relatives rating (CFR) of Vedanta Resources Ltd., its figure organization, over extended risks of debt restructuring over the following couple of months.

Ratings organization Moody’s Investors Service has downgraded Vedanta Resources’ corporate own family score (CFR) from Caa1 to Caa2 because of improved risk of debt restructuring over the following couple of months. Moody’s has additionally downgraded to Caa3 from Caa2 its score on the senior unsecured bonds issued through Vedanta Resources and those issued via Vedanta Resources’s fully owned subsidiary, Vedanta Resources Finance II Plc, and assured by way of Vedanta Resources.