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India Ratings reaffirms rating of Mahindra Finance’s NCDs

18 Dec 2018 Evaluate

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.

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