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 Credit Risk Rating of Debt Mutual Funds, an Independent Credit Evaluation (ICE) of the residual debt in entities under the RBI’s framework for resolution of stressed assets and Rating of security receipts issued by Asset Reconstruction Companies (ARCs) as required by RBI .
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 & W Building Solutions Pvt Ltd
Rationale / Rating Methodologies
Construction [ICRA]A- -- [ICRA]A2+ -- Positive
L R Sharma & Company
Rationale / Rating Methodologies
Miscellaneous ^ -- -- -- --
L S Automotive India Private Limited
Rationale / Rating Methodologies
Auto Ancillaries * -- -- -- --
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
NBFC -- -- [ICRA]A1+ -- --
L&T Finance Holdings Limited
Rationale / Rating Methodologies
NBFC [ICRA]AAA -- -- -- Stable
L&T Finance Limited
Rationale / Rating Methodologies
NBFC -- -- [ICRA]A1+ -- --
L&T Finance Limited
Rationale / Rating Methodologies
NBFC [ICRA]AAA -- -- -- Stable
L&T Finance Limited
Rationale / Rating Methodologies
NBFC [ICRA]AAA -- -- -- Stable
L&T Finance Limited
Rationale / Rating Methodologies
NBFC [ICRA]AAAPP-MLD -- -- -- Stable
L&T Finance Limited
Rationale / Rating Methodologies
NBFC [ICRA]AAA -- -- -- Stable
L&T Finance Limited
Rationale / Rating Methodologies
NBFC [ICRA]AA+ -- -- -- Stable
L&T Finance Limited
Rationale / Rating Methodologies
NBFC [ICRA]AAA -- -- -- Stable
L&T Finance Limited
Rationale / Rating Methodologies
NBFC -- -- * -- --
L&T Finance Limited (prior to amalgamation in 2017)
Rationale / Rating Methodologies
NBFC * -- -- -- --
L&T Finance Limited (prior to amalgamation in 2017)
Rationale / Rating Methodologies
NBFC * -- -- -- --
L&T Finance Limited (prior to amalgamation in 2017)
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 Companies * -- -- -- --
L&T Housing Finance Limited
Rationale / Rating Methodologies
Housing Finance Companies -- -- * -- --
L&T Housing Finance Limited
Rationale / Rating Methodologies
Housing Finance Companies * -- -- -- --
L&T Housing Finance Limited
Rationale / Rating Methodologies
Housing Finance Companies * -- -- -- --
L&T Housing Finance Limited
Rationale / Rating Methodologies
Housing Finance Companies * -- -- -- --
L&T Housing Finance Limited
Rationale / Rating Methodologies
Housing Finance Companies -- * -- -- --
L&T Housing Finance Limited
Rationale / Rating Methodologies
Housing Finance Companies -- -- * -- --
L&T Infra Credit Limited (erstwhile L&T Infra Debt Fund Limited)
Rationale / Rating Methodologies
NBFC -- -- [ICRA]A1+ -- --
L&T Infra Credit Limited (erstwhile L&T Infra Debt Fund Limited)
Rationale / Rating Methodologies
NBFC [ICRA]AAAPP-MLD -- -- -- Stable
L&T Infra Credit Limited (erstwhile 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]A1+ -- --
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]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 * -- -- -- --
L&T Infrastructure Finance Company Limited
Rationale / Rating Methodologies
NBFC * -- -- -- --
L&T Infrastructure Finance Company Limited
Rationale / Rating Methodologies
NBFC * -- -- -- --
L&T Infrastructure Finance Company Limited
Rationale / Rating Methodologies
NBFC -- -- * -- --
L&T Infrastructure Finance Company Limited
Rationale / Rating Methodologies
NBFC * -- -- -- --
L&T Infrastructure Finance Company Limited
Rationale / Rating Methodologies
NBFC * -- -- -- --
L&T Infrastructure Finance Company Limited
Rationale / Rating Methodologies
NBFC * -- -- -- --
L&T Infrastructure Finance Company Limited
Rationale / Rating Methodologies
NBFC * -- -- -- --
L&T Infrastructure Finance Company Limited
Rationale / Rating Methodologies
NBFC -- -- * -- --
L&T Interstate Road Corridor Limited
Rationale / Rating Methodologies
Roads [ICRA]AAA -- -- -- Stable
L&T Interstate Road Corridor Limited
Rationale / Rating Methodologies
Roads * -- -- -- --
L&T Investment Management Limited
Rationale / Rating Methodologies
Mutual Funds/AMC [ICRA]AAAmfs -- -- -- --