Mahindra Lifespace Developers has informed that the Securities and Exchange Board of India (SEBI) issued Master Circular for Credit Rating Agencies on 3rd July 2023. In line with SEBI’s guidelines on assigning credit ratings, India Ratings and Research shall discontinue voluntary disclosure of issuer ratings in its rating action commentaries (RACs). In line with this development, the voluntary Issuer rating disclosure of the Company at IND AA has been withdrawn. However, the instrument ratings assigned by India Ratings and Research will remain unaffected. The same was intimated to the Company by India Ratings and Research vide its Press Release dated 22nd September, 2023. The disclosure is uploaded on the website of the Company at www.mahindralifespaces.com.
The above information is a part of company’s filings submitted to BSE.
