India Ratings & Research has affirmed Larsen & Toubro Limited’s (L&T) credit ratings, maintaining the ‘IND AAA’ rating with a Stable Outlook for Non-Convertible Debentures (NCDs). The Commercial Paper rating has also been reaffirmed at ‘IND A1+’. This affirmation underscores the company’s strong financial position and its robust creditworthiness, providing continued confidence to stakeholders.
Larsen & Toubro’s Credit Ratings Affirmed
India Ratings & Research Private Limited (India Ratings) has affirmed the credit ratings for Larsen & Toubro Limited (L&T). The ratings reflect the company’s sustained financial strength and operational capabilities.
Key Rating Details
- Non-Convertible Debentures (NCDs): Affirmed at ‘IND AAA’ with a Stable Outlook.
- Commercial Paper: Reaffirmed at ‘IND A1+’.
These ratings indicate a high degree of safety regarding timely payment of financial obligations. The affirmation by India Ratings reinforces investor confidence in L&T’s financial prudence and its ability to manage its debt effectively.
Source: BSE
