Mahindra & Mahindra Ltd.

Credit rating agency, CARE has reaffirmed ‘AA+’ rating to Mahindra & Mahindra’s long term bank facilities worth Rs 178.28 crore. The rating agency has also reaffirmed ‘A1+’ ratings to company’s short term bank facilities worth Rs 71.72 crore.

The company has received the said rating on the back of its experienced management, dominant position in the Utility Vehicle (UV) and tractor segments, established brand image, diversified product portfolio, strong dealer and after-sales service network and global presence. The ratings also factor in M&M’s healthy debt coverage and liquidity indicators.

Mahindra & Mahindra is the flagship company of the Mahindra Group. The company’s core automotive and farm equipment businesses have grown into market leaders whose triple bottom line ethic is driving industry trends towards technological innovation, social responsibility, and constantly improving customer satisfaction.