M&MFINMahindra & Mahindra Financial Services Limited
Mahindra & Mahindra Financial Services’ AAA ratings reaffirmed by CRISIL, India Ratings and CARE
- Credit rating
- Finance
Mahindra & Mahindra Financial Services Limited has told the exchanges on 8 Oct 2026 that three agencies reaffirmed its ratings on 7 Oct 2026. CRISIL rated ₹20,000 crore of commercial paper at CRISIL A1+, ₹30,980 crore of non-convertible debentures at CRISIL AAA/Stable and ₹6,000.50 crore of subordinated debt at CRISIL AAA/Stable.
India Ratings reaffirmed IND AAA with a Stable outlook on bank loans, fixed deposits, non-convertible debentures, subordinated debt and market-linked debentures, and IND A1+ on commercial paper. CARE reaffirmed CARE AAA; Stable and CARE A1+ on long-term and short-term bank facilities of ₹50,000 crore, among other instruments. The company gave the times at which it received each rating letter.
Inference
All three agencies have kept the company at the top of their long-term scales, so the reaffirmations show a consistent view across them. The filing is a rating notice and does not give the agencies’ reasons.
Reference: Original filing (PDF)
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