S&P Global Ratings reduced Vedanta’s issuer rating to “SD” or “selective default” from “CC,” indicating the agency believes the company has defaulted on some payments but will meet its other obligations on time. The cut comes after Moody’s downgraded the miner’s corporate family rating and senior unsecured bonds earlier this week.
Railways PSU ETF delivers 16% in a week. Is this the right opportunity for portfolio diversification?
A railways PSU-focused ETF delivered a sharp 16% gain in just one week, as per ETMutualFunds analysis. The Groww Nifty India Railways PSU ETF rose