bg-rating-rationales

Entity-Specific Rating Rationales

20 Jun 2025

Lodha Developers Limited: Ratings reaffirmed for existing limits; rating of [ICRA]AA (Stable) assigned to Rs. 50.00-crore proposed NCDs

Lodha Developers Limited: Ratings reaffirmed for existing limits; rating of [ICRA]AA (Stable) assigned to Rs. 50.00-crore proposed NCDs

27 May 2025

Macrotech Developers Limited: Long-term rating upgraded to [ICRA]AA (Stable); short-term rating reaffirmed; outlook revised to Stable from Positive; rating assigned for Rs. 180 crore proposed NCDs

Macrotech Developers Limited: Long-term rating upgraded to [ICRA]AA (Stable); short-term rating reaffirmed; outlook revised to Stable from Positive; rating assigned for Rs. 180 crore proposed NCDs

20 Dec 2024

Macrotech Developers Limited: Ratings reaffirmed and outlook revised to Positive; rating withdrawn for Rs. 705 crore of redeemed NCDs

Macrotech Developers Limited: Ratings reaffirmed and outlook revised to Positive; rating withdrawn for Rs. 705 crore of redeemed NCDs

23 Apr 2024

Macrotech Developers Limited: Ratings reaffirmed for existing limits; rating of [ICRA]A1+ assigned to proposed Commercial Paper programme

Macrotech Developers Limited: Ratings reaffirmed for existing limits; rating of [ICRA]A1+ assigned to proposed Commercial Paper programme

04 Apr 2024

Macrotech Developers Limited: Ratings upgraded to [ICRA]AA- (Stable)/ [ICRA]A1+; outlook revised to Stable

Macrotech Developers Limited: Ratings upgraded to [ICRA]AA- (Stable)/ [ICRA]A1+; outlook revised to Stable

06 Mar 2024

Macrotech Developers Limited: [ICRA]A+ (Positive) assigned for fresh NCD; rating outstanding for existing bank loans and NCD

Macrotech Developers Limited: [ICRA]A+ (Positive) assigned for fresh NCD; rating outstanding for existing bank loans and NCD

03 Nov 2023

Macrotech Developers Limited: [ICRA]A+ (Positive) assigned for fresh NCD; rating outstanding for existing bank loans and NCD

Macrotech Developers Limited: [ICRA]A+ (Positive) assigned for fresh NCD; rating outstanding for existing bank loans and NCD

11 Oct 2023

Macrotech Developers Limited: Change in Limits for Bank Facilities

Macrotech Developers Limited: Change in Limits for Bank Facilities

20 Sep 2023

Macrotech Developers Limited: Ratings reaffirmed

Macrotech Developers Limited: Ratings reaffirmed

11 Jul 2023

Macrotech Developers Limited: Fresh rating assigned to proposed NCD programme; rating reaffirmed for existing NCDs and bank limits

Macrotech Developers Limited: Fresh rating assigned to proposed NCD programme; rating reaffirmed for existing NCDs and bank limits