Mahindra & Mahindra Financial Services receives affirmation in credit ratings for NCDs

Mahindra & Mahindra Financial Services has received reaffirmation in credit ratings on non-convertible debentures as under:

1 Secured non-convertible debenture (NCD privately placed) Rs 14,288.50 crore - CARE AAA; Stable

2 Subordinated debt (public issue) Rs 933.00 crore - CARE AAA; Stable

3 Unsecured non-convertible debenture (NCD privately placed) Rs 1,000.00 crore - CARE AAA; Stable

4 Subordinated debt (privately placed) Rs 2760.00 crore - CARE AAA; Stable

5 Long-term debt programme (public issue non-convertible debentures/ subordinated debt) Rs 4059.03 crore - CARE AAA; Stable

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