Larsen & Toubro Ltd.

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.