Mahindra & Mahindra Ltd.

Credit rating agency, India Ratings and Research (Ind-Ra) has affirmed the Long-Term Issuer Rating of Mahindra & Mahindra (M&M) at ‘AAA’ with a Stable outlook. The rating agency has also reaffirmed ‘A1+’ rating to the company’s non-fund-based bank lines worth Rs 8,000 million.

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.