Mahindra Finance credit ratings reaffirmed by CRISIL and India Ratings

Mahindra & Mahindra Financial Services Limited (Mahindra Finance) has received a reaffirmation of its credit ratings from both CRISIL Ratings Limited and India Ratings & Research Private Limited. The announcement, dated October 10, 2025, details the ratings received for various financial instruments.

CRISIL Ratings Limited has reaffirmed the "CRISIL AAA/Stable outlook" for Non-Convertible Debentures (INR 32,875 Crore), Subordinated Debt (INR 5,113.50 Crore), and Fixed Deposits (INR 18,000 Crore). The Commercial Paper rating from CRISIL stands at "CRISIL A1+".

India Ratings & Research Private Limited has also maintained stable ratings, with "IND AAA/Outlook Stable" for Non-convertible Debentures (INR 390 bn), Retail Non-convertible Debentures (INR 80 bn), Private Sub Debt (INR 54.5bn), Retail Subordinate Debt (INR 30 bn), and Fixed Deposit (INR 120,000 mn). The rating for Principal Protected Market Linked Debenture is "IND PP-MLD AAA/Stable," while Commercial Paper received "IND A1+." Bank loans were rated "IND AAA/ Stable / IND A1+."