Vedanta Resources PLC:Wait for a better entry level to add

We recommend investors wait for a better entry point. Vedanta remains acredit that we would like to add on weakness. In the event it does go lower,higher dollar price bonds such as the 2021s might suffer more than the rest ofthe curve. Key upside risks are recovery in oil price and any liabilitymanagement exercise. Key downside risks include oil going back to the lows,other commodities, especially zinc starts catching up with oil, etc.