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Mahindra & Mahindra receives reaffirmation in credit ratings

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Capital Market
Last Updated : Dec 19 2020 | 12:31 PM IST

From CRISIL

Mahindra & Mahindra has received reaffirmation in credit ratings for debt instruments and bank facilities as under:

Total Bank Loan Facilities Rated Rs. 1,350 Crore
Long Term Rating - CRISIL AAA/Stable (Reaffirmed)
Short Term Rating - CRISIL A1+ (Reaffirmed)

Rs. 475 Crore Non Convertible Debentures - CRISIL AAA/Stable (Reaffirmed)
Rs. 500 Crore Non Convertible Debentures - CRISIL AAA/Stable (Reaffirmed)
Rs. 500 Crore Non Convertible Debentures - CRISIL AAA/Stable (Reaffirmed)
Rs. 1000 Crore Commercial Paper - CRISIL A1+ (Reaffirmed)

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First Published: Dec 19 2020 | 12:21 PM IST

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