Credit rating agency, CRISIL has assigned ‘AAA/Stable’ rating to Non-Convertible Debentures (NCDs) of Mahindra & Mahindra (M&M) amounting to Rs 475 crore. The rating agency has also reaffirmed Rs 500 crore worth NCDs at ‘AAA/Stable’ and Rs 300 crore worth Commercial Paper at ‘A1+’.
M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.
