Mahindra & Mahindra Financial Services receives confirmation of its NCD credit ratings

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Last update: October 10, 2024 | 7:04 p.m. STI

Mahindra & Mahindra Financial Services has received a reaffirmation of its credit ratings on the non-convertible debentures as follows:

1 secured non-convertible debenture (privately placed NCD) Rs 14,288.50 crore – CARE AAA; Stable

2 Subordinated debt (public issue) Rs 933.00 crore – CARE AAA; Stable

3 Unsecured Non-Convertible Debenture (privately placed NCD) Rs 1,000.00 crore – CARE AAA; Stable

4 Subordinated debt (privately placed) Rs 2760.00 crore – CARE AAA; Stable

5 Long Term Debt Scheme (Public issue of non-convertible bonds/subordinated debt) Rs 4059.03 crore – CARE AAA; Stable

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First publication: October 10, 2024 | 6:55 p.m. STI

Mahindra & Mahindra Financial Services receives confirmation of its NCD credit ratings | Capital market news