Fitch Affirms L&T Finance's BBB- Rating; Outlook Stable
Fitch Ratings has affirmed L&T Finance's (NSE:L&TFH, BOM:533519) long-term foreign- and local-currency issuer default ratings at BBB-, with a stable outlook, according to a Wednesday filing to the Indian stock exchanges. The ratings agency has also affirmed L&T Finance's Shareholder Support Rating at bbb-. Fitch said the rating reflects its expectation that the non-banking finance company's parent, Larsen & Toubro (NSE:LT, BOM:500510), would provide extraordinary support, if required.
Fitch Ratings has affirmed L&T Finance's (NSE:L&TFH, BOM:533519) long-term foreign- and local-currency issuer default ratings at BBB-, with a stable outlook, according to a Wednesday filing to the Indian stock exchanges.
The ratings agency has also affirmed L&T Finance's Shareholder Support Rating at bbb-.
Fitch said the rating reflects its expectation that the non-banking finance company's parent, Larsen & Toubro (NSE:LT, BOM:500510), would provide extraordinary support, if required.