Announced Sat, 13 Sept · 09:00 IST

Reaffirmation of Credit Ratings.

Credit & Debt View source PDF

M&MFIN · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Mahindra & Mahindra Financial Services has received reaffirmation of its credit ratings from India Ratings & Research and CRISIL Ratings on 12th September 2025. India Ratings has reaffirmed IND AAA/Stable outlook on instruments including Non-convertible Debentures (INR 390 bn), Private Sub Debt (INR 54.5 bn), Bank Loans (INR 649,997 mn), and Fixed Deposits (INR 120,000 mn), along with IND A1+ on Commercial Paper (INR 150,000 mn). CRISIL has reaffirmed CRISIL AAA/Stable on NCDs (Rs. 32,875 cr), Subordinated Debt, Bank Loan Facilities, and Fixed Deposits (Rs. 18,000 cr), with CRISIL A1+ on Commercial Paper (Rs. 17,000 cr). The ratings were reaffirmed, not upgraded or downgraded, with a stable outlook maintained across all instruments.

Likely market impact

This is a neutral-to-positive signal for investors and depositors, as the highest investment-grade AAA rating with stable outlook has been maintained, indicating continued strong creditworthiness and low default risk for lenders and fixed deposit holders.