CRISIL and ICRA have reaffirmed Vedanta’s long-term credit ratings—CRISIL AA and ICRA AA, while Hindustan Zinc Ltd retained its CRISIL AAA rating—signaling strong financial performance, stable operations, and effective governance. These endorsements come in the wake of short-seller Viceroy’s recent allegations, which the agencies have dismissed as unsubstantiated. CRISIL confirms that stock prices for Vedanta and HZL have recovered post-allegation, with all ratings kept under continuous surveillance.
