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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