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Mahindra & Mahindra Ltd.

BSE: 500520 Sector: Auto
NSE: M&M ISIN Code: INE101A01026
BSE 00:00 | 24 Apr Mahindra & Mahindra Ltd
NSE 05:30 | 01 Jan Mahindra & Mahindra Ltd

Announcement under Regulation 30 (LODR)-Credit Rating

April 9, 2020, 11:05 am | Source: BSE

Sub: CRISIL Limited has reaffirmed its CRISIL AAA/ Stable/ and CRISIL A1+ ratings on the debt programmes and Bank facilities of Mahindra and Mahindra Limited and the Commercial Paper Rated Amount has been enhanced to Rs. 1000 Crores as under:

Total Bank Loan Facilities Rated Rs 1100 Crore
Long Term Rating CRISIL AAA/Stable (Reaffirmed)
Short Term Rating CRISIL A1+ (Reaffirmed)

Rs 475 Crore Non Convertible Debentures
CRISIL AAA/Stable (Reaffirmed)
Rs 500 Crore Non Convertible Debentures CRISIL AAA/Stable (Reaffirmed)
Rs 1000 Crore Commercial Paper (Enhanced from Rs. 500 Crore) CRISIL A1+ (Reaffirmed)

Please find enclosed a Press Release issued by CRISIL Limited in this regard.

This Press Release has been issued by CRISIL Limited today on 9th April 2020.

Kindly take the above on record.