Moody’s Downgrades Macrotech’s Rating; Outlook Remains Negative
A building under construction stands at the site of The World Towers, a luxury residential project developed by Lodha Developers Ltd., in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Moody’s Downgrades Macrotech’s Rating; Outlook Remains Negative

Moody’s Investors Services has downgraded the corporate family rating of Macrotech Developers Ltd., formerly called Lodha Developers, to ‘Caa1’ from ‘B3’ over liquidity concerns.The corporate famil...
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