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Moody's downgrade Lodha Developers rating to B2

Moody's downgrade Lodha Developers rating to B2

Thu, Jan 26, 2017

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.”

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