With the merger of Sesa Goa and Sterlite, it does benefit Vedanta's debt reduction amd overall improvement in the corporate structure too says Suzanne Smith, metals & mining analyst at Standard & Poor's. But she does not believe that it will affect the rating of the company. Also despite Tata Steel being stable, the overall steel sector in Asia is on a negative because of lack of demand.
Also read: New structure will enhance shareholder value, says Anil Agarwal Below is the edited transcript of her interview on CNBC-TV18. Also watch the accompanying video. Q: Any balance sheet issues which have cropped up post the deal, which could potentially make you wary about this consolidated entity? A: Specific to balance sheet issues, we at Standard & PoorDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
