Lodha Developers International rating gets upgrade by Moody's; Stock up ~2%

16 Mar 2022 , 03:25 PM

Macrotech Developers Limited informed the exchanges that the credit rating of the USD Senior Notes (listed on the Singapore Stock Exchange), issued by Lodha Developers International Limited, subsidiary of the company, has been upgraded to B2 with a positive outlook from B3 by Moody’s Investors Service.

Towards close of trade on Wednesday, Macrotech Developers Limited was trading at Rs1055.00 per piece up Rs18.95 or 1.83% on the BSE. The stock hit a high of Rs1080 per piece during intraday trade on Wednesday.