CRISIL has assigned its 'CRISIL AAA/Stable' rating to Larsen & Toubro (L&T's) Rs 1,00 crore inflation linked capital indexed non-convertible debenture issue. CRISIL has also reaffirmed its ratings on L&T's existing debt instruments and bank facilities at 'CRISIL AAA/FAAA/Stable/CRISIL A1+', said a press release on Monday.
The ratings continue to reflect L&T's dominant position in the engineering and construction (E&C) market in India, its diversified revenue profile, and its strong financial flexibility. L&T's strong positioning is reflected in its robust order inflows and order book despite challenging market conditions.
