Mahindra & Mahindra receives reaffirmation in credit ratings

From CRISIL

Mahindra & Mahindra announced that CRISIL has reaffirmed ratings as under -

Total Bank Loan Facilities Rated Rs 1100 Crore
Long Term Rating - CRISIL AAA/Stable (Reaffirmed)
Short Term Rating - CRISIL A1+ (Reaffirmed)

Rs 475 Crore Non Convertible Debentures - CRISIL AAA/Stable (Reaffirmed)
Rs 500 Crore Non Convertible Debentures - CRISIL AAA/Stable (Reaffirmed)
Rs 1000 Crore Commercial Paper (Enhanced from Rs. 500 Crore) - CRISIL A1+ (Reaffirmed)

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