Mahindra CIE Automotive receives revision in credit ratings from ICRA

Mahindra CIE Automotive has received affirmation in credit ratings from ICRA as under -

Commercial paper (Rs 200 crore) - ICRA A1+ (reaffirmed)

Line of credit (Rs 295 crore) - Long term rating ICRA AA- / Short term rating ICRA A1+ (reaffirmed)

Line of credit (Rs 295 crore) - Long term rating ICRA AA- / Short term rating ICRA A1+ (assigned)

The outlook on the long term rating is 'Stable'.

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