Mahindra Finance credit ratings reaffirmed as "CARE AAA; Stable"

Mahindra & Mahindra Financial Services Limited (Mahindra Finance) announced on September 27, 2025, the reaffirmation of its credit ratings by CARE Ratings Limited. The company received a "CARE AAA; Stable" rating across various debt instruments, including secured non-convertible debentures (NCDs) and subordinate debt.

The secured NCDs (privately placed) were rated for an amount of INR 12,343.50 crore, reduced from INR 14,288.50 crore. Subordinate debt (public issue) was rated for INR 933.00 crore, while unsecured NCDs (privately placed) received a rating for INR 1,000.00 crore. Additionally, subordinate debt (privately placed) was rated for INR 2,485.00 crore, reduced from INR 2,760 crore.

A long-term debt program (public issue non-convertible debenture/subordinate debt) was also rated for INR 4,059.03 crore. The reduction or withdrawal in certain amounts is attributed to facilities being repaid and matured. This information, released to the stock exchanges, underscores the company's compliance with SEBI Listing Regulations and its ongoing financial health.