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| Exchange Disseminated Time | Mahindra & Mahindra Ltd has informed BSE that CRISIL has upgraded its ratings on Mahindra & Mahindra Limited (M&M’s) long-term bank facilities and Non-Convertible Debenture (NCD) programme to 'CRISIL AAA/Stable' from ‘CRISIL AA+/Stable’, while reaffirming the rating on M&M’s short- term facilities and debt programme at ‘CRISIL A1+’.
The rating indicates the highest degree of safety regarding timely servicing of financial obligations.
In this regard, the Company has issued a Press Release dated September 29, 2014 titled "Mahindra & Mahindra Credit Rating Upgraded to AAA by CRISIL". |
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