M&M receives affirmation in credit ratings from India Ratings and Research

India Ratings and Research (Ind-Ra) has assigned Mahindra & Mahindra's (M&M) non-convertible debentures (NCDs) a final rating of IND AAA. The Outlook is Stable.

The agency has reaffirmed the company's issuer ratings at IND AAA/ Stable.

M&M's Fund-based/non fund-based ratings have been reaffirmed at IND AAA/Stable/IND A1+

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