Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has been assigned ‘BBB-‘ long term corporate credit rating with a stable outlook by Standard & Poor’s Ratings Service (S&P), the well known global rating agency. India’s sovereign rating from S&P also stands at ‘BBB-‘.

S&P’s rating reflects the company’s leading market position in tractor and utility vehicle (UV) segments, strong financial ratios, and financial flexibility arising out of significant investments in group companies.

This rating action of S&P is based on M&M’s conservative leverage policies, healthy cash flow generation and the market leading position in Indian Tractor and UV industries, risk mitigation through presence in various businesses with a pan-India footprint and a good mix of rural and urban customers.

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.