Lodha receives ‘A/ Stable’ rating from CRISIL Ratings
March 03, 2022 | By 99 Acres
The CRISIL (Credit Rating Information Services of India Limited) Ratings Limited (a Credit Rating Agency) recently rated the bank loan facilities of Lodha Group as A/ Stable. This rating is a two notch upgrade from the company's previous rating – ‘BBB+/ Positive’ by India Ratings.
The upgrade reflects improvement in Lodha Group's balance sheet over the last nine months and also the growth it has been able to achieve in this period.
With this ratings upgrade, the company will continue to focus on reducing its debt levels as well as its cost of debt.
Published in 99 Acres