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L&T secures ‘Baa1’ long-term issuer rating from Moody’s
Jul-07-2026

Larsen & Toubro (L&T) has secured a ‘Baa1’ long term issuer rating with a ‘Stable’ outlook from Moody’s Ratings, reinforcing the group’s robust credit profile and financial resilience. The ‘Baa1’ rating signifies a quality investment-grade credit profile, reflecting strong capacity to meet financial commitments and a low level of credit risk. It also underscores L&T’s prudent financial management and consistent operational performance.

The 'Stable' outlook reflects expectations that L&T and its core international subsidiaries will maintain strict fiscal discipline, comfortable leverage levels and healthy operating margins as high-margin engineering services and large-scale EPC projects in West Asia continue to scale. 

Moody’s, the global ratings major, has also assigned a matching ‘Baa1’ rating to L&T Hydrocarbon Saudi Company (a subsidiary of L&T), reflecting the business vertical’s tight operational integration with the parent Company and the strategic importance of Larsen & Toubro’s West Asia operations.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

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