Moody's Investors Service has downgraded realty firm Lodha Developers' unsecured debt and corporate family ratings on lower than expected operating performance during last fiscal
The rating agency took top 500 listed corporates, excluding banking and financial services, with highest balance sheet debt as of 2013-14 for its study.
Credit rating agency Moody's in a recent note has said that it expects credit profile of OMCs to improve over the next 12 months on the back of falling crude prices and subsidy burden.
India Ratings & Research (Ind-Ra) has revised its outlook on automotive suppliers for H213 to stable to negative from stable. This is because the agency believes recovery in automotive sales will be slower-than-expected on the back of receding demand.