Singapore, June 15, 2015 -- Moody's Investors Service says that Vedanta Ltd's (unrated) proposed merger with Cairn India Ltd (unrated) is credit positive for Vedanta Resources plc (Ba1 negative). Ratings and outlook remain unchanged pending the transaction's execution. However, improved liquidity, lower leverage and reduced subordination within the group could lead to ratings being stabilized or current notching between the corporate family rating and the Ba3 bond rating being reviewed upon successful completion of the merger.
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