Fitch Vedanta Aluminium's Bank Loans rated 'Fitch AA(SO)(ind)'

　　Fitch Ratings has assigned India-based Vedanta Aluminium Ltd's (VAL) INR2bn fund-based working capital facilities a 'Fitch AA(SO)(ind)' rating and its INR8bn non-fund based working capital facilities 'Fitch AA(SO) (ind)'/'Fitch A1+(SO)(ind)' ratings.

　　The ratings reflect the unconditional and irrevocable guarantee provided by VAL's ultimate parent - UK-based Vedanta Resources Plc (VRPLC, 'BB+'/Stable) - for the former's working capital facilities. The guarantee covers timely payment of debt obligations.