Mahindra & Mahindra Ltd.

Credit rating agency, Credit Analysis & Research (CARE) has upgraded the credit rating assigned to Mahindra & Mahindra (M&M). The rating agency has assigned its highest ‘AAA’ level of rating for the long-term bank facilities of the company.

The rating agency based its upgrade on the company’s continued strong operational and financial performance in the face of significant challenges in the business environment.

Mahindra & Mahindra (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.