Mahindra & Mahindra Ltd.

Credit rating agency, CRISIL has reaffirmed ‘AA+’/ stable rating to Mahindra & Mahindra’s Long-Term bank loan facilities and A1+ rating to company’s Short-Term bank loan facilities. Total bank loan facilities are worth Rs 1,100 crore. The rating agency has also reaffirmed A1+ rating to company’s Commercial Paper worth Rs 300 crore.

The company has received the said ratings on the back of its company’s announcement that it has signed an agreement with CIE Automotive S.A. (CIE) for M&M’s auto component businesses.

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.