Moody’s accords a positive outlook on Lodha Developers; how does this matter?
Moody’s Investor Service changes its outlook on Lodha Developers’ rating from stable to positive.
Published Date: Jul 13, 2018
Updated Date: Jul 13, 2018
Moody's Investor Service - a leading credit rating agency, kept the rating unchanged at B2 corporate family rating (CFR) for Lodha Developers while it changed its outlook to positive.
The change in outlook has been attributed to the company's strong operating results from its Indian operations during the fiscal year ended 31 March 2018.
Our take
An upgrade of this kind can prove to be beneficial for Lodha Developers, especially since the company is soon to release its Initial Public Offering (IPO). The IPO will allow the company to enlarge its equity base and create more financing opportunities.
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Registered & Corporate Office
JM Financial Products Limited. 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025
CIN:
U74140MH1984PLC033397
RERA NUMBERS
Maharashtra
A51900000277
Karnataka
PRM/KA/RERA/1251/309/AG/220521/002898
Delhi
DLRERA2022A0103
Haryana
RC/HARERA/GGM/1932/1527/2022/300