Mahindra & Mahindra Financial Services announced that CRISIL has assigned the following ratings to the credit facilities availed by the company:
Non convertible debentures (Rs 10,000 crore) - CRISIL AAA/ Stable
Subordinated debt (Rs 1,000 crore) - CRISIL AAA/ Stable
Commercial paper (Rs 10,000 crore) - CRISIL A1+
Further, the company has received credit ratings of IND A1+ for commercial paper of Rs 15,000 crore from India Ratings & Research.
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