Moody's assigns Baa1 rating to L&T, surpassing India's sovereign grade
Larsen & Toubro has been granted a 'Baa1' long-term issuer rating by Moody's, which comes with a 'Stable' outlook. This rating sits two levels higher than India's sovereign rating of 'Baa3'. Moody's extended the same rating to L&T Hydrocarbon Saudi Company LLC, highlighting the company's solid financial standing, wide-ranging business operations, and disciplined approach to capital management.
by shortkt.com✓