India Ratings gave "IND A-" rating to Lodha Developers' bank loans with strong approach

Q: Which are the points that a rating agency consider to give its rating?

Kunal,

27th August 2015

Real estate News in Mumbai

mumbai real estate market

mmr

mumbai metropolitan region

spv

lodha developers

india rating and research agency

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For the year ended March 2015, Lodha Developers' bookings stood at Rs 7790 crore with sales of 6.7 million sq-ft. Lodha Developers has total land reserves of over 4760 acres. The rating by India Ratings reflects their strong fundamentals, operational and sales expertise and high quality land bank.

Promit C, Bangalore

27th August 2015

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It is a win-win moment for any company. This ranking will boost the company's functional capabilities. They now look forward to further strengthening their financial performance over the next 18 months.

Lewin G,

27th August 2015

Right lewin,
Here in Lodha case, the rating agency has taken a consolidated view and all of its subsidiaries and special purpose vehicles under the Lodha group while arriving at the ratings. The rating by India Ratings highlighted Lodha Group's dominant position in Mumbai Metropolitan Region property market, funded land bank, secured approvals, performance track record, strong cash flow visibility and financial flexibility as positives for the company.

Sandeep Mhatre, Mumbai

27th August 2015

Comment

It is really good for the company. In a highly periodic and unstable sector, the "IND A-" rating confirms the group's commitment to quality housing through world class design, connection and differentiated branding. Lodha Group focuses on large scale projects across India. Its top projects include Palava, World Towers, The Park and New Cuffe Parade, which accounted for 80% of the total sales in 2014-15

Rajatrawal, Mumbai

27th August 2015

Hi Rajat,
While arriving at the ratings, India Rating and Reserch Agency considering the business and legal connections among priority. It has also noted possible impact of weak credit metrics, geographic concentration on MMR and cash drawdown from Lodha Developers to its London joint ventures.

Sandeep Mhatre, Mumbai

27th August 2015

Regions' property market, funded land bank, secured approvals, execution track record, strong cash flow visibility and financial flexibility are the few basic points that a rating agency consider while rating any company.

Lewin G,

27th August 2015

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