Moody’s confirms Lodha

Moody's Investors Service said it confirmed Lodha Developers Private Ltd.’s (LDPL) B2 corporate family rating and confirmed the B2 backed senior unsecured debt rating of the dollar-denominated bonds issued by Lodha Developers International Ltd. and guaranteed by LDPL.

The outlook is stable.

The agency said the actions conclude a review for downgrade initiated on July 27 and follow the announcement by the company that it has completed the refinancing of its bridge loan for the Grosvenor Square development in London.

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