L&T Secures Moody's Baa1 Rating, Two Notches Above India's Sovereign

Larsen & Toubro Limited (L&T) has announced that Moody's Credit Ratings has assigned a 'Baa1' long-term issuer rating with a 'Stable' outlook to the company. This rating is two notches above India's sovereign rating of 'Baa3'. Moody's also assigned the same 'Baa1' rating to L&T Hydrocarbon Saudi Company LLC, a wholly owned subsidiary. The 'Baa1' rating signifies a strong investment-grade credit profile, reflecting L&T's robust financial resilience, prudent financial management, and consistent operational performance. The stable outlook is based on expectations of continued fiscal discipline, comfortable leverage, and healthy operating margins from high-margin engineering services and large-scale EPC projects.