Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has been assigned ‘Baa3’ foreign currency and local currency issuer rating with stable outlook by Moody’s Investors Service, a leading International Credit Rating Agency. With this, the company is now amongst a very few select Indian corporates who enjoy Investment Grade rating. India’s sovereign rating also stands at ‘Baa3’.

The rating reflects the company’s diversified business profile, leading market position in India, long track record of successful operations, strong corporate governance practices, financial flexibility and conservative financial policies.

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.