Macrotech Developers Limited (LODHA) announced on 27 May 2025 that ICRA Limited has upgraded its credit ratings.

Key details of the upgraded ratings are as follows:

• Term Loans (Long Term): Upgraded from [ICRA]AA- (Positive) to [ICRA]AA (Stable).
• Unallocated limits (Long Term/Short Term): The Long Term rating was upgraded from [ICRA]AA- (Positive) to [ICRA]AA (Stable), while the Short Term rating was reaffirmed at [ICRA]A1+.
• Non-Convertible Debentures (Long Term): Upgraded from [ICRA]AA- (Positive) to [ICRA]AA (Stable).
• Commercial Paper (Short Term): Reaffirmed at [ICRA]A1+.