Moody s expects MDL to remain exposed to risks from concentrated ownership
Moody s Investors Service has affirmed Macrotech Developers Ltd s (MDL s) Caa1 corporate family rating and the Caa1 backed senior secured rating of Lodha Developers International Ltd s USD bonds guaranteed by MDL. The outlook on the ratings has been changed to positive from stable. The rating action follows completion of MDL s initial public offering (IPO) and successful listing on the Indian stock exchanges on April 19. The affirmation of MDL s Caa1 ratings and change in outlook to positive reflects our view that proceeds from the recently concluded IPO and other management initiatives can eventually improve MDL s liquidity, which could then support a higher rating despite pandemic-related operating challenges, said Sweta Patodia, a Moody s Analyst.
Moody s affirms Macrotech Developers Caa1 rating, changes outlook to positive
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Moody s affirms Macrotech Developers Caa1 rating
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Sadiq Khan slaps down Boris Johnson call for Ronald Reagan statue outside parliament
US President Ronald Reagan and US Secretary of State Alexander Haig (left) outside 10 Downing Street during a state visit to London in June 1982 (Getty Images)
Sadiq Khan has today turned down a call by Boris Johnson to erect a Ronald Reagan statue just outside of the Houses of Parliament.
Tory MP Andrew Rosindell today told MPs that a statue of the former US president had been removed from a square in Mayfair and called on Johnson to place it in Parliament Square alongside monuments to people such as Winston Churchill, Nelson Mandela and David Lloyd George.