Larsen & Toubro Ltd.

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.