L&T Finance Ltd.

Credit rating agency, CARE has reaffirmed ‘AA+’ rating to L&T Finance Holdings’ (L&TFHL) Non-Convertible Debentures (NCDs) worth Rs 450 crore. The rating agency has also reaffirmed ‘A1+’ rating to short-term debt worth Rs 600 crore of the company.

The ratings factor in the strategic importance of the company to the L&T group as the flagship holding company of the group’s financial services business, brand value of L&T, the experienced management, L&TFHL’s strong consolidated financial position, strong resource raising ability and capital position.

L&T Finance Holdings is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through its direct and indirect wholly-owned subsidiaries.