Credit rating agency, India Ratings & Research has reaffirmed Mahindra & Mahindra Financial Services’ (Mahindra Finance) public issue of Non-convertible Debentures (NCDs) worth Rs 100 billion rating at ‘AAA/Stable’. The company has also reaffirmed ‘PP-MLD AAA emr/Stable’ rating of principal protected market linked debentures worth Rs 5 billion.
Mahindra Finance one of India’s leading non-banking finance companies.