Ltd had its ratings outlook downgraded to negative by Fitch Ratings Ltd on lower-than expected pre-sales and cash collections over the last one year. In the last financial year, the group sold Rs.6,400 crore worth of properties, below Fitch Ratings’ expectation of Rs.11,000 crore. Fitch says negative ratings outlook reflects the heightened liquidity risk that Lodha Developers may faceLodha is one of the country’s best performing developer today in terms of sales. “The Fitch rating action is in line with the rating review by Moody’s recently. Last month, Moody’s Investors Service also downgraded the corporate family rating of Lodha Developers Pvt.

Source: Mint June 13, 2016 12:45 UTC