Mahindra Finance credit ratings reaffirmed by multiple agencies

Mahindra & Mahindra Financial Services Ltd. (M&MFIN) announced the reaffirmation of its credit ratings by India Ratings & Research, CARE Ratings, CRISIL Ratings, and Brickwork Ratings. Key ratings include 'IND AAA'/Stable for INR 390 bn in Non-Convertible Debentures and 'IND AAA'/Stable for INR 80 bn in Retail Non-Convertible Debentures from India Ratings & Research. CARE Ratings has assigned 'CARE AAA; Stable' to several instruments, including secured and unsecured Non-Convertible Debentures, Subordinate Debt, and Long-term Debt Program. CRISIL reaffirmed 'CRISIL AAA/Stable outlook' for Non-Convertible Debentures worth INR 32,875 crore and Subordinated Debt. Brickwork Ratings affirmed 'BWR AAA/Stable outlook' for Non-Convertible Debentures (Subordinated Debt) worth INR 2,125.68 crore. These ratings reflect M&MFIN's financial stability and creditworthiness.