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News Details

( As on 22/09/2021 17:07)

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

Sub: India Ratings and Research Private Limited Affirms Mahindra & Mahindra & its NCDs at 'IND AAA'; Outlook Stable

Instrument Type

Size of Issue
(billion) Rating/Outlook Rating Action
Non-convertible debentures (NCDs) INR 14.750 IND AAA/Stable Affirmed
Non-fund-based Limits INR 3.525 (reduced from INR 4.025) IND AAA/Stable/IND A1+ Affirmed
Fund-based limits INR 8.65 (reduced from INR 15.5) IND A1+ Affirmed
Fund-based/Non-fund-based limits INR 10.5 (increased from INR 3) IND AAA/Stable/IND A1+ Affirmed

Please find enclosed a Press Release issued by India Ratings and Research Private Limited in this regard.

This Press Release has been issued by India Ratings and Research Private Limited today on 22nd September, 2021.

Kindly take the above on record.