Mahindra & Mahindra receives ratings action from ICRA

Mahindra & Mahindra has received credit rating for various debt facilities of the company from ICRA as under -

Proposed Non-convertible Debenture Programme (Rs 1000 crore) - ICRA AAA (Stable); assigned

Non-convertible Debenture Programme (Rs 500 crore) - ICRA AAA (Stable); outstanding

Long-term, Fund-based Facilities (Rs 65 crore) - ICRA AAA (Stable); outstanding

Long-term, Non-fund Based Facilities (Rs 110 crore) - ICRA AAA (Stable); outstanding

Short-term, Non-fund Based Facilities (Rs 350 crore) - ICRA A1+; outstanding

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