Announced Tue, 7 Jul · 12:34 IST
Moody's assigns Baa1 rating with Stable outlook to L&T
Credit & Debt View source PDF
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
₹3984.70
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0+0.1+0.0+0.1-3.5-3.9-2.2-2.9-4.8-6.5————
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AI summary
Moody's Ratings has assigned a Baa1 long-term issuer rating with Stable outlook to Larsen and Toubro, an investment-grade rating two notches above India's sovereign Baa3. The same rating was given to L&T's wholly owned subsidiary Hydrocarbon Saudi Company LLC. The rating reflects L&T's diversified business, dominant market position, prudent financial management, comfortable leverage, and healthy margins from EPC and engineering services in West Asia.
Likely market impact
Positive credit signal. Investment-grade rating above sovereign may lower borrowing costs and boost investor confidence.