Moody’s downgrades Lodha Developers to B3

Moody’s downgrades Lodha Developers to B3
03/08/2019 , by , in News/Views

Ratings agency Moody’s Investors Service has downgraded the corporate family rating of Macrotech Developers (MDL) –formerly known as Lodha Developers–to B3 from B2.

Moody’s has also downgraded the senior unsecured rating of the US dollar-denominated bonds issued by Lodha Developers International Ltd (LDIL) and guaranteed by MDL to B3 from B2.

The outlook on all the ratings above is negative.

About Realty Plus

Loading...