Mahindra & Mahindra Limited — Credit Ratings, 19-09-2025: Credit Rating

CRISIL Ratings has reaffirmed Mahindra & Mahindra's ratings at 'Crisil AAA/Stable' for Non-Convertible Debentures and 'Crisil A1+' for Bank Loan Facilities and Commercial Paper. This reflects M&M's market leadership in tractors, strong LCV presence, diversified business, and robust financial profile with low leverage. The outlook remains Stable, backed by improved financials and strong volumes.