Mahindra & Mahindra receives ratings action for debt facilities aggregating Rs 2691 cr

Mahindra & Mahindra has received revision in credit ratings from CARE Ratings as under:

Long term facilities non fund based (Rs 239.50 crore) - CARE AAA; Stable (assigned)
Long term facilities fund based (Rs 1797.92 crore) - CARE AAA; Stable (reaffirmed)
Long term / short term bank facilities (Rs 600 crore) - CARE AAA; Stable/ CARE A1+ (reaffirmed)
Short term bank facilities fund based (Rs 15 crore) - CARE A1+ (assigned)
short term bank facilities non fund based (Rs 38.58 crore) - CARE A1+ (reaffirmed)

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