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Mahindra & Mahindra Financial Services (M&MFIN) has had its credit ratings reaffirmed by CRISIL Ratings. The company’s long-term instruments, including Non-Convertible Debentures (32,875 Cr), Subordinated Debt (5,113.50 Cr), Bank Loan Facilities (13,317 Cr), and Fixed Deposits (18,000 Cr), maintain the highest CRISIL AAA rating with a Stable outlook. Short-term instruments like Commercial Paper (17,000 Cr) and short-term Bank Loan Facilities also retain the top-tier CRISIL A1+ rating. This reaffirmation highlights M&MFIN's consistent strong financial health and stable operational performance, which should continue to facilitate competitive borrowing costs and enhance investor confidence, providing solid strategic room for the company.
All announcements from Mahindra & Mahindra Financial Services Limited