India Ratings & Research (Ind-Ra) has affirmed Mahindra Holidays & Resorts India (MHRIL) long-term issuer rating at ‘A’. The outlook is stable. The affirmation factors in the company’s 18-year-long track record in the Indian vacation ownership industry.
MHRIL is one of India’s largest companies in its segment and has a wide geographic presence across the country and in a few select international locations. On September 30, 2014, it had 2,451 rooms across 40 resorts and around 175,000 members.