Mumbai Trump Tower builder’s rating cut as repayment looms

Hindustan Times | Nov 14, 2019 at 6:03 AM
  • A Trump Tower developer in Mumbai, India’s financial hub, has been cut by Moody’s Investors Service further into junk, reflecting deepening problems for the country’s real estate sector.
  • Macrotech Developers, earlier known as Lodha Developers, has been cut by one step to Caa1.
  • The company’s $325 million bonds mature in March next year.