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CRISIL assigns ‘AAA/Stable’ rating to L&T’s Rs 1,000-crore NCD issue

24 Sep 2015 Evaluate

Ratings agency CRISIL has assigned ‘AAA/Stable’ rating to the Larsen & Toubro’s (L&T) Rs 1,000-crore non-convertible debenture (NCD) issue. It has also reaffirmed the outstanding ratings on the company’s debt programme and bank facilities at ‘AAA/FAAA/Stable’.

The ratings continue to reflect the company’s dominant position in the engineering and construction (E&C) market in India, the company's diversified revenue profile, and strong financial flexibility.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $15 billion in revenue. It operates in over 30 countries worldwide.

 

Peers
Company Name CMP
Larsen & Toubro 3620.50
Kalpataru Projects 1403.00
NCC 119.95
Rail Vikas Nigam 187.10
KEC International 349.85
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