From India Ratings and Research
Mahindra & Mahindra announced that India Ratings and Research (Ind-Ra) has affirmed the company's Long-Term Issuer Rating at 'IND AAA'. The Outlook is Stable. The instrument-wise rating actions are given below:Non-convertible debentures (NCDs) (Rs 1475 crore) - IND AAA/Stable (Affirmed)
Non-fund-based limits (Rs 402.5 crore) - IND AAA/Stable/IND A1+ (Affirmed)
Fund-based/Non fund-based (Rs 250 crore) - IND AAA/Stable/IND A1+ (Affirmed)
Fund-based limits (Rs 800 crore) - IND A1+ (Affirmed)
Fund-based/non fund-based (Rs 50 crore) - IND AAA/Stable/IND A1+ (Assigned)
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Non-fund based (Rs 15 crore) - IND AAA/Stable/IND A1+ (Assigned)
Fund based (Rs 750 crore)- IND A1+ (Assigned)
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