Announced Tue, 7 Jul · 12:42 IST
L&T secures Moody's Baa1 rating, two notches above India sovereign
LT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.5%1-day move
₹4039.50
prior close
₹3983.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.1+0.1-3.5-3.9-2.2-2.9-4.8-6.5————
Up moveDown movePending
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.