Mahindra & Mahindra receives affirmation in credit ratings from ICRA

Mahindra & Mahindra has received affirmation in credit ratings from ICRA as under:

Non convertible debenture programme (Rs 1500 crore) - ICRA AAA; Stable

Fund based term loan (Rs 800 crore) - ICRA AAA; Stable

Long term non fund based facilities (Rs 42.50 crore) - ICRA AAA; Stable

Short term non fund based facilities (Rs 400 crore) - ICRA A1+

Commercial paper - ICRA A1+ (withdrawn)

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