Mahindra Logistics (MLL) had its credit ratings reaffirmed by ICRA. Long-term/Short-term facilities received [ICRA]AA(Stable)/[ICRA]A1+ for Rs. 350 Cr, and Commercial Paper received [ICRA]A1+ for Rs. 100 Cr. The 'Stable' outlook reflects strong ties with the Mahindra Group, healthy financials, and improved liquidity after a recent Rs. 749.3 Cr rights issue used to prepay Rs. 556.3 Cr debt.