CRISIL has assigned an AA- credit rating with a stable outlook to MALCO Energy Limited (MEL), a key subsidiary of Vedanta, reflecting the company’s solid operating fundamentals and financial resilience. The rating underscores MEL’s strong cash-flow visibility, prudent capital structure and strategic importance within the Vedanta group. Analysts said the assessment highlights growing confidence in MEL’s ability to meet its financial obligations amid a volatile commodities environment.