L&T secures Moody's Baa1 rating, two notches above India sovereign

Rating UpgradedCredit & Debt View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-1.3%Reaction day

₹4039.50

prior close

₹3983.50

announcement price

In-mkt

timing

Nifty 100market-0.2%-1.1% vs market

Civil Construction peers, median of 99sector-1.2%-0.1% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty 100 and 0.1 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

+0.1

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.3-0.2-1.1-1.2-0.1

Next day

-3.5-2.3-1.2-3.2-0.3

-3.9-1.9-2.0-2.1-1.8

-2.2-0.8-1.4-0.9-1.4

-2.9-0.9-2.0-1.4-1.5

-4.8-1.5-3.3-2.5-2.3

-6.5-1.4-5.1-2.9-3.6

15d

-5.1-1.6-3.4-5.7+0.7

+0.0+1.0-1.0-4.1+4.1

-1.0-2.2+1.2-8.7+7.7

-8.5-6.9-1.6-11.2+2.7

UpDownMarket · Nifty 100Sector · Civil Construction peers, median of 99Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Moody's assigned Larsen & Toubro a Baa1 long-term issuer rating with Stable outlook on July 6, 2026. Baa1 is investment grade, sitting two notches above India's sovereign Baa3 rating. Same rating given to subsidiary Hydrocarbon Saudi Company LLC. Stable outlook reflects L&T's fiscal discipline, comfortable leverage, and healthy margins, backed by growth in West Asia EPC and engineering services. L&T is a USD 32 billion Indian multinational.

Likely market impact

Positive credit signal. Baa1 investment grade rating two notches above India sovereign boosts borrowing credibility and shareholder confidence.