Moody's downgrade Lodha Developers rating to B2
Saranga Ranasinghe a Moody's Assitant Vice President and analysts said, “The downgrades reflects our expectation that the operating environment for the Indian real estate sector will continue to remain weak post the demonetisation exercise that tool place in November 2016. Weak operating conditions will continue to pressure LDPL's sales performance over the next 12-18 months.”
Lodha is present across the luxury and mid-tier segments of the real estate market. Photo: Youtube