L&T Finance Limited has informed the Exchange about Credit Rating- New.
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L&T Finance Limited has been assigned first-time international credit ratings by two major global agencies on July 18, 2025. S&P Global assigned a long-term 'BBB-' and short-term 'A-3' issuer credit rating with a Positive outlook, while Fitch assigned a 'BBB-' Long-Term Issuer Default Rating (both foreign and local currency) with a Stable outlook. Both ratings are investment grade and reflect expected extraordinary support from parent Larsen & Toubro (rated BBB+/Stable), which holds a 66.24% stake. The company has a diversified retail-focused loan book of roughly USD 11 billion, with 97% in retail segments including home loans, two-wheeler finance, and rural lending. Capital position is strong with a 16.9% risk-adjusted capital ratio, and asset quality has improved with NPAs declining to 3.3% in FY25 from 4.1% in FY22.
Securing investment-grade ratings from two leading global agencies is a positive development that should enhance L&T Finance's access to international debt markets and help lower borrowing costs. The Positive outlook from S&P indicates potential for a future upgrade, which would further benefit funding costs. Shareholders may view this as validation of the company's improved financial profile and strong parental backing.