Mahindra & Mahindra Financial Services receives ratings action from CRISIL and India Ratings

Mahindra & Mahindra Financial Services announced that CRISIL has assigned the following ratings to the credit facilities availed by the company:

Non convertible debentures (Rs 10,000 crore) - CRISIL AAA/ Stable

Subordinated debt (Rs 1,000 crore) - CRISIL AAA/ Stable

Commercial paper (Rs 10,000 crore) - CRISIL A1+

Further, the company has received credit ratings of IND A1+ for commercial paper of Rs 15,000 crore from India Ratings & Research.

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