L&T's NCDs, Bank Loans, and FDs Reaffirmed CRISIL AAA Rating with Stable Outlook
CRISIL Ratings reaffirmed Larsen & Toubro's NCDs rating at 'CRISIL AAA' with a Stable Outlook on September 3, 2026. Bank loan facilities and fixed deposits also retained 'CRISIL AAA/Stable' rating, while commercial paper rating stands at 'CRISIL A1+'. This aligns with SEBI LODR regulations.
A 'CRISIL AAA' rating is the highest possible rating, indicating very low credit risk. While this is positive, it is a reaffirmation of an existing high rating, thus the impact is considered medium as it does not represent a significant upgrade or new development.
The reaffirmation of 'CRISIL AAA' ratings by CRISIL indicates strong financial health and stability of the company, which is a positive development.
Larsen & Toubro Limited has announced that CRISIL Ratings Limited, on September 3, 2026, has reaffirmed the credit rating of ‘CRISIL AAA’ with a Stable Outlook for the company's Non-Convertible Debentures (NCDs).
CRISIL has also reaffirmed the ratings for Larsen & Toubro's bank loan facilities and fixed deposits at 'CRISIL AAA/Stable'. Additionally, the company's commercial paper rating has been reaffirmed at 'CRISIL A1+'.
The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Larsen & Toubro Limited filed this with the NSE as a statutory disclosure, categorised under credit ratings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Larsen & Toubro Limited. Read the original for the full detail.