Please refer to the enclosed file.
Awaiting price reaction for this filing.
Mahindra & Mahindra has informed exchanges that CRISIL Ratings has reaffirmed its highest credit ratings on the company's debt instruments and bank facilities. The Rs. 787.5 crore total bank loan facilities (from HDFC Bank, Axis Bank, and SBI) have been reaffirmed at CRISIL A1+ for short-term rating. Two Non-Convertible Debentures worth Rs. 475 crore (INE101A08088) and Rs. 500 crore (INE101A08070) have been reaffirmed at CRISIL AAA with a Stable outlook. Additionally, the Rs. 500 crore Commercial Paper programme has been reaffirmed at CRISIL A1+. CRISIL AAA denotes the highest degree of safety regarding timely servicing of financial obligations, with the lowest credit risk.
This reaffirmation of the highest investment-grade credit rating signals strong financial health and very low default risk for the company. It is a positive indicator for shareholders and debt investors, suggesting M&M's robust ability to meet its financial commitments, and may support lower borrowing costs going forward.