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News Details

( As on 14/06/2021 19:49)

Mahi. & Mahi - Announcement under Regulation 30 (LODR)-Credit Rating

Sub: Mahindra and Mahindra Limited: Rating of [ICRA]A1+ assigned to Commercial Paper programme; ratings reaffirmed for bank loans and Non-convertible Debentures
Instrument Previous Rated Amount
(Rs. crore) Current Rated Amount
(Rs. crore) Rating Action
Non-convertible Debenture Programme 1500.0 1500.0 [ICRA]AAA (Stable); reaffirmed
Long-term Loans 1800.0 1800.0 [ICRA]AAA (Stable); reaffirmed
Long-term, Fund-based Facilities 15.25 15.25 [ICRA]AAA (Stable); reaffirmed
Long-term, Non-fund Based Facilities 57.50 57.50 [ICRA]AAA (Stable); reaffirmed
Short-term, Non-fund Based Facilities 350.0 350.0 [ICRA]A1+; reaffirmed
Commercial Paper - 1000.0 [ICRA]A1+; assigned
Total 3722.75 4722.75
Please find enclosed a Press Release issued by ICRA Limited in this regard.

This Press Release has been issued by ICRA Limited today on 14th June, 2021.

Kindly take the above on record.