Vedanta’s Debt Maturities Prompt Credit Rating Warnings
- Two holding companies owe the most next year since 2017
- Vedanta Resources’ plan to delist India unit failed this month
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Holding companies controlled by energy-to-mining tycoon Anil Agarwal face the highest debt repayments in several years just as credit rating firms step up warnings.
Vedanta Ltd. holding companies Vedanta Resources Ltd. and Volcan Investments Cyprus Ltd. must repay a combined $1.17 billion next year. That’s the most since 2017, according to data compiled by Bloomberg.