Mahindra & Mahindra receives reaffirmation in credit ratings from CRISIL

Mahindra & Mahindra has received reaffirmation in credit ratings for bank facilities and debt instruments from CRISIL as under:

Total bank facilities rated - Rs 1350 crore
Long term rating - CRISIL AAA/Stable (Reaffirmed)
Short term rating - CRISIL A1+ (Reaffirmed)

Rs. 500 Crore Non Convertible Debentures - CRISIL AAA/Stable (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 - CRISIL A1+ (Reaffirmed)

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