CRISIL assigns AAA/Stable rating to L&T’s inflation linked capital indexed NCD issue

22 May 2013

Credit rating agency, CRISIL has assigned its ‘AAA/Stable’ rating to Larsen & Toubro’s (L&T’s) Rs 100 crore inflation linked capital indexed non-convertible debenture (NCD) issue. The rating agency has also reaffirmed its ratings on the company’s existing debt instruments and bank facilities at ‘AAA/FAAA/Stable/A1+’.

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

L&T is a $13.5 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.


Related Larsen & Toubro Ltd. Links:

Larsen & Toubro Share Price

1359.80 27.00 (2.03%) Jan 24, 18:01
1 Year Price Chart
Company Name CMP
Larsen & Toubro 1359.80
NCC 59.00
KEC International 335.20
Rail Vikas Nigam 26.35
Sterling and Wilson 297.55
View more..
Sensex vs Larsen & Toubro
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719