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Mumbai Trump Tower Builder Downgraded By Moody's Amid Real Estate Crisis
Downgrade indicates Macrotech debt obligation subject to very high risk Arrangements in place to repay all of $325 million of bonds: Macrotech Property companies have been increasingly borrowing from shadow banks
14 Nov 2019, 10:29 AM IST 
Moody's downgrade won't have an impact on the company's India business, according to Macrotech
A Trump Tower developer in Mumbai has been cut by Moody's Investors Service further into junk, reflecting deepening problems for the country's real estate sector.
