As an early entrant in the Credit Rating business, ICRA Limited (ICRA) is one of the most experienced Credit Rating Agencies in the country today. ICRA rates rupee-denominated debt instruments issued by manufacturing companies, commercial banks, non-banking finance companies, financial institutions, public sector undertakings and municipalities, among others. ICRA also rates structured obligations and sector-specific debt obligations such as instruments issued by Power, Telecom and Infrastructure companies. The other services offered include Corporate Governance Rating, Stakeholder Value and Governance Rating, Credit Risk Rating of Debt Mutual Funds, Rating of Claims Paying Ability of Insurance Companies, Project Finance Rating, Line of Credit Rating and Valuation of Principal Protected-Market Linked Debentures (PP-MLD).
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All

Company Name Sector Name Long Term Medium Term Short Term Issuer Outlook
L R Sharma & Company
Rationale / Rating Methodologies
Miscellaneous ^ -- -- -- --
L&T Bangalore Airport Hotel Limited
Rationale / Rating Methodologies
Miscellaneous * -- -- -- --
L&T BPP Tollway Limited
Rationale / Rating Methodologies
Roads * -- -- -- --
L&T Chennai Tada Tollway Limited
Rationale / Rating Methodologies
Roads [ICRA]D ISSUER NOT COOPERATING -- -- -- --
L&T Devihalli Hassan Tollway Limited
Rationale / Rating Methodologies
Roads * -- -- -- --
L&T Finance Holdings Limited
Rationale / Rating Methodologies
Other Financial Services Companies -- -- [ICRA]A1+ -- --
L&T Finance Holdings Limited
Rationale / Rating Methodologies
Other Financial Services Companies [ICRA]AAA -- -- -- Negative
L&T Finance Limited
Rationale / Rating Methodologies
NBFC * -- -- -- --
L&T Finance Limited
Rationale / Rating Methodologies
NBFC * -- -- -- --
L&T Finance Limited
Rationale / Rating Methodologies
NBFC * -- -- -- --
L&T Finance Limited (erstwhile Family Credit Limited)
Rationale / Rating Methodologies
NBFC [ICRA]AA+ -- -- -- Negative
L&T Finance Limited (erstwhile Family Credit Limited)
Rationale / Rating Methodologies
NBFC [ICRA]AAA -- -- -- Negative
L&T Finance Limited (erstwhile Family Credit Limited)
Rationale / Rating Methodologies
NBFC [ICRA]AAA -- -- -- Negative
L&T Finance Limited (erstwhile Family Credit Limited)
Rationale / Rating Methodologies
NBFC [ICRA]AAA -- -- -- Negative
L&T Finance Limited (erstwhile Family Credit Limited)
Rationale / Rating Methodologies
NBFC -- -- [ICRA]A1+ -- --
L&T Finance Limited (erstwhile Family Credit Limited)
Rationale / Rating Methodologies
NBFC [ICRA]AAAPP-MLD -- -- -- Negative
L&T Finance Limited (erstwhile Family Credit Limited)
Rationale / Rating Methodologies
NBFC [ICRA]AAA -- -- -- Negative
L&T Finance Limited (erstwhile Family Credit Limited)
Rationale / Rating Methodologies
NBFC -- -- * -- --
L&T FinCorp Limited
Rationale / Rating Methodologies
NBFC * -- -- -- --
L&T FinCorp Limited
Rationale / Rating Methodologies
NBFC * -- -- -- --
L&T FinCorp Limited
Rationale / Rating Methodologies
NBFC * -- -- -- --
L&T Halol Shamlaji Tollway Limited
Rationale / Rating Methodologies
Roads [ICRA]D ISSUER NOT COOPERATING -- -- -- --
L&T Housing Finance Limited
Rationale / Rating Methodologies
Housing Finance Company [ICRA]AA+ -- -- -- Negative
L&T Housing Finance Limited
Rationale / Rating Methodologies
Housing Finance Company [ICRA]AAA -- -- -- Negative
L&T Housing Finance Limited
Rationale / Rating Methodologies
Housing Finance Company -- MAAA -- -- Negative
L&T Housing Finance Limited
Rationale / Rating Methodologies
Housing Finance Company [ICRA]AAA -- -- -- Negative
L&T Housing Finance Limited
Rationale / Rating Methodologies
Housing Finance Company -- -- [ICRA]A1+ -- --
L&T Housing Finance Limited
Rationale / Rating Methodologies
Housing Finance Company [ICRA]AAA -- -- -- Negative
L&T Housing Finance Limited
Rationale / Rating Methodologies
Housing Finance Company -- -- * -- --
L&T Infra Debt Fund Limited
Rationale / Rating Methodologies
NBFC -- -- [ICRA]A1+ -- --
L&T Infra Debt Fund Limited
Rationale / Rating Methodologies
NBFC [ICRA]AAAPP-MLD -- -- -- Stable
L&T Infra Debt Fund Limited
Rationale / Rating Methodologies
NBFC [ICRA]AAA -- -- -- Stable
L&T Infrastructure Development Projects Limited
Rationale / Rating Methodologies
Holding company [ICRA]AA+(CE) -- -- -- Stable
L&T Infrastructure Development Projects Limited
Rationale / Rating Methodologies
Holding company [ICRA]AA -- -- -- Stable
L&T Infrastructure Development Projects Limited
Rationale / Rating Methodologies
Holding company -- -- [ICRA]A1+ -- --
L&T Infrastructure Development Projects Limited
Rationale / Rating Methodologies
Holding company [ICRA]AA -- -- -- Positive
L&T Infrastructure Development Projects Limited
Rationale / Rating Methodologies
Holding company * -- -- -- --
L&T Infrastructure Finance Company Limited
Rationale / Rating Methodologies
NBFC [ICRA]AAA -- -- -- Negative
L&T Infrastructure Finance Company Limited
Rationale / Rating Methodologies
NBFC [ICRA]AA+ -- -- -- Negative
L&T Infrastructure Finance Company Limited
Rationale / Rating Methodologies
NBFC [ICRA]AAA -- -- -- Negative
L&T Infrastructure Finance Company Limited
Rationale / Rating Methodologies
NBFC [ICRA]AAA -- -- -- Negative
L&T Infrastructure Finance Company Limited
Rationale / Rating Methodologies
NBFC -- -- [ICRA]A1+ -- --
L&T Infrastructure Finance Company Limited
Rationale / Rating Methodologies
NBFC [ICRA]AAA -- -- -- Negative
L&T Infrastructure Finance Company Limited
Rationale / Rating Methodologies
NBFC [ICRA]AAA -- -- -- Negative
L&T Infrastructure Finance Company Limited
Rationale / Rating Methodologies
NBFC [ICRA]AAA -- -- -- Negative
L&T Infrastructure Finance Company Limited
Rationale / Rating Methodologies
NBFC -- -- * -- --
L&T Interstate Road Corridor Limited
Rationale / Rating Methodologies
Roads * -- -- -- --
L&T Interstate Road Corridor Limited
Rationale / Rating Methodologies
Roads [ICRA]AAA(SO) -- -- -- Stable
L&T Investment Management Limited
Rationale / Rating Methodologies
Asset Management Companies [ICRA]AAAmfs -- -- -- --
L&T Investment Management Limited
Rationale / Rating Methodologies
Asset Management Companies -- -- [ICRA]A1+mfs -- --
L&T Investment Management Limited
Rationale / Rating Methodologies
Asset Management Companies -- -- [ICRA]A1+mfs -- --
L&T Investment Management Limited
Rationale / Rating Methodologies
Asset Management Companies [ICRA]AAAmfs -- -- -- --
L&T Investment Management Limited
Rationale / Rating Methodologies
Asset Management Companies [ICRA]AAAmfs -- -- -- --
L&T Investment Management Limited
Rationale / Rating Methodologies
Asset Management Companies [ICRA]AAAmfs -- -- -- --
L&T Investment Management Limited
Rationale / Rating Methodologies
Asset Management Companies -- -- [ICRA]A1+mfs -- --
L&T Investment Management Limited
Rationale / Rating Methodologies
Asset Management Companies * -- -- -- --
L&T Investment Management Limited
Rationale / Rating Methodologies
Asset Management Companies * -- -- -- --
L&T Investment Management Limited
Rationale / Rating Methodologies
Asset Management Companies * -- -- -- --
L&T Investment Management Limited
Rationale / Rating Methodologies
Asset Management Companies [ICRA]AAAmfs -- -- -- --
L&T Investment Management Limited
Rationale / Rating Methodologies
Asset Management Companies [ICRA]AAAmfs -- -- -- --
L&T Investment Management Limited
Rationale / Rating Methodologies
Asset Management Companies mfAAA(SO) -- -- -- --
L&T Komatsu Limited
Rationale / Rating Methodologies
Engineering -- -- * -- --
L&T Krishnagiri Thopur Toll Road Limited
Rationale / Rating Methodologies
Roads * -- -- -- --
L&T Metro Rail (Hyderabad) Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]AAA(CE) -- -- -- Stable
L&T Sambalpur-Rourkela Tollway Limited
Rationale / Rating Methodologies
Roads [ICRA]BBB+ -- -- -- Stable
L&T Sargent & Lundy Limited
Rationale / Rating Methodologies
Consulting [ICRA]AA -- [ICRA]A1+ -- Stable
L&T Sargent & Lundy Limited
Rationale / Rating Methodologies
Consulting [ICRA]AA -- [ICRA]A1+ -- Stable
L&T Shipbuilding Limited
Rationale / Rating Methodologies
Shipbuilding [ICRA]AAA(SO) -- -- -- Stable
L&T Transco Private Limited
Rationale / Rating Methodologies
Holding company * -- -- -- --
L&T Transportation Infrastructure Limited
Rationale / Rating Methodologies
Roads [ICRA]AA -- -- -- Stable
L&T Vadodara Bharuch Tollway Limited
Rationale / Rating Methodologies
Miscellaneous ^ -- -- -- --
L&T Vadodara Bharuch Tollway Limited
Rationale / Rating Methodologies
Miscellaneous * -- -- -- --
L&T Valves Limited
Rationale / Rating Methodologies
Engineering ^ -- ^ -- --
L&T Western Andhra Tollways Limited
Rationale / Rating Methodologies
Roads * -- -- -- --
L&T Western Andhra Tollways Limited
Rationale / Rating Methodologies
Roads * -- -- -- --
L&W Construction Private Limited
Rationale / Rating Methodologies
Real estate -- -- [ICRA]A2+ -- --
L&W Construction Private Limited
Rationale / Rating Methodologies
Real estate [ICRA]A- -- [ICRA]A2+ -- Stable
L.A. Hotels & Retreats Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant [ICRA]B+ ISSUER NOT COOPERATING -- -- -- Stable
L.B. Polymers Private Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers * -- * -- --
L.B. Polymers Private Limited
Rationale / Rating Methodologies
PetroChemicals and Polymers * -- * -- --
L.C. Foods Limited
Rationale / Rating Methodologies
Miscellaneous [ICRA]D ISSUER NOT COOPERATING -- -- -- --
L.C. Foods Limited
Rationale / Rating Methodologies
Miscellaneous -- -- [ICRA]D ISSUER NOT COOPERATING -- --
L.G. Balakrishnan & Bros Limited
Rationale / Rating Methodologies
Auto Ancillaries [ICRA]AA -- -- -- Stable
L.G. Balakrishnan & Bros Limited
Rationale / Rating Methodologies
Auto Ancillaries -- -- [ICRA]A1+ -- --
L.G. Balakrishnan & Bros Limited
Rationale / Rating Methodologies
Auto Ancillaries [ICRA]AA -- -- -- Stable
L.G. Balakrishnan & Bros Limited
Rationale / Rating Methodologies
Auto Ancillaries -- MAA -- -- Stable
L.M. Foods
Rationale / Rating Methodologies
Miscellaneous [ICRA]D ISSUER NOT COOPERATING -- -- -- --
L.M. Foods
Rationale / Rating Methodologies
Miscellaneous [ICRA]D ISSUER NOT COOPERATING -- -- -- --
L.R. International Private Ltd
Rationale / Rating Methodologies
Miscellaneous ^ -- -- -- --
L.S. Mills Limited
Rationale / Rating Methodologies
Textiles * -- -- -- --
L.S. Mills Limited
Rationale / Rating Methodologies
Textiles * -- -- -- --
L7H Life Resources Private Limited
Rationale / Rating Methodologies
Healthcare ^ -- ^ -- --
LA Cera Tiles Private limited
Rationale / Rating Methodologies
Building materials ^ -- -- -- --
La Gajjar Machineries Private Limited
Rationale / Rating Methodologies
Engineering ^ -- ^ -- --
La Hospin Hotels and Resorts Private Limited
Rationale / Rating Methodologies
Tourism Hotels and restaurant ^ -- ^ -- --
La Lavado Fabricka
Rationale / Rating Methodologies
Textiles ^ -- ^ -- --
La Opala RG Limited
Rationale / Rating Methodologies
Glass ^ -- ^ -- --
Laadki Trading and Investments Limited
Rationale / Rating Methodologies
Other Financial Services Companies -- -- * -- --
Labdhi International Private Limited
Rationale / Rating Methodologies
Trading ^ -- ^ -- --
Laborate Pharmaceuticals India Limited
Rationale / Rating Methodologies
Pharmaceuticals [ICRA]A -- -- -- Stable