Moody’s downgrades Lodha’s outlook

Moody’s downgrades Lodha’s outlook
04/05/2019 , by , in News/Views

Global ratings agency Moody’s Thursday downgraded its outlook on Lodha Developers to ‘negative’ from ‘stable’ citing liquidity concerns emanating from falling sales and rising debt burden.

The city-based company is one of the largest realty players in the country and also has projects in Britain.

Moody’s has, however, affirmed the corporate family rating at B2.

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