Fitch assigns Larsen & Toubro’s Gulf-based subsidiaries first-time ‘BBB’ Rating; outlook stable

Fitch assigns Larsen & Toubro’s Gulf-based subsidiaries first-time ‘BBB’ Rating; outlook stable

Fitch Rating has assigned India’s Larsen & Toubro Limited’s (L&T, BBB+/Stable) Gulf-based subsidiaries a first-time Long-Term Foreign-Currency Issuer Default Ratings (IDR) of ‘BBB’ with a Stable Outlook.