Moody's downgrades Lodha's outlook

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.

BY admin
Published - Saturday, 04 May, 2019

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.