HTML Refactoring Specification
In the text below the term html document/file/source stands for both html and xhtml documents.
An html file can refer to several types of external resource. The resources available in the local context (project or folder) can be renamed via Refactor->Rename action. In such case all the references in referring sources are updated accordingly.
John - Does this include moving an HTML file from one location to another? Will the path be updated in referencing pages and will links in the page be update to other resources? - YES, sure.