Mahindra & Mahindra receives ratings action from ICRA

Mahindra & Mahindra has received reaffirmation in credit ratings from ICRA as under:

Non-convertible debentures (Rs 1500 crore) - ICRA AAA; Stable (reaffirmed)

Long term loans (Rs 1800 crore) - ICRA AAA; Stable (reaffirmed)

Long term fund based facilities (Rs 15.25 crore) - ICRA AAA; Stable (reaffirmed)

Long term non fund based facilities (Rs 57.50 crore) - ICRA AAA; Stable (reaffirmed)

Short term non fund based facilities (Rs 350 crore) - ICRA A1+ (reaffirmed)

Commercial paper (Rs 1000 crore)- ICRA A1+ (assigned)

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