betfair betting tipsIn a significant feat for the Indian industries, two coveted global credit rating agencies – S&P and Fitch – have assigned ‘BBB+’ rating to Larsen & Toubro (L&T), India’s premier tech-led engineering, manufacturing and solutions conglomerate.
This underscores L&T's robust operational performance, financial discipline and strong market position.
S&P Global Ratings
S&P Global Ratings assigned 'BBB+' rating to L&T, endorsing the company's resilient operating performance and stable cash flow generation. According to S&P, L&T's leadership in the Indian engineering and construction (E&C) sector, its growing presence in the Middle East and stable earnings from its IT businesses are expected to maintain its strong financial position over the next 24 months.
Betfair loginKey factors influencing the S&P rating include:
Fitch Ratings
Fitch Ratings assigned a 'BBB+' rating to L&T, highlighting its strong market position in infrastructure, hydrocarbons, heavy engineering, IT and high-tech industrial products. The rating reflects L&T's above-average profitability, solid revenue visibility and consistent margins supported by effective risk management and diversification Betfair app Storeinto high-margin IT and technical services. L&T's robust financial structure and strong financial flexibility further strengthen its rating.
Betfair loginKey factors influencing the Fitch rating include:
Two Notches Above India's Sovereign Rating
L&T's 'BBB+' international rating with a stable outlook by both these rating agencies is betfair sportsbookTwo Notches Above India's sovereign ratings (of ‘BBB-' with a positive outlook by S&P and ‘BBB-' with a stable outlook by Fitch) and this underscores L&T's exceptional credit quality and robust financial health. This achievement positions L&T among a rare group of Indian conglomerates with such high creditworthiness.