Credit rating agency, India Ratings & Research has upgraded Mahindra & Mahindra Financial Services’ (MMFSL) long-term issuer rating to ‘AAA’ from ‘AA+’ with a stable outlook. The ratings reflect the credit strength of MMFSL’s parent company - Mahindra & Mahindra.
Mahindra & Mahindra Financial Services is a large non-banking finance company and M&M is a leading Indian automobile company. Besides financing M&M’s vehicles, MMFSL is also the holding company of the group's other financial services forays, including rural housing finance.
