Mahindra Finance rating upgraded

The credit rating of Mahindra & Mahindra Financial Services has been upgraded by Fitch Ratings India.

The company's national long-term rating instrument and Lower Tier II Subordinated Debt programme was upgraded from ' AA(ind)' to AA+(ind)',with the outlook as 'Stable'.

Mahindra finance is active in the rural banking sector providing finance for the widest range of agricultural tractors and cars, utility services.