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M&M
BSE: 500520NSE: M&MISIN: INE101A01026

29th-May-2020 22:11Source: BSE

Mahindra and Mahindra - Announcement under Regulation 30 (LODR)-Credit Rating

Sub: CRISIL has assigned its ''CRISIL AAA/Stable'''' Rating on Rs. 500 crores Non-Convertible Debenture (NCD) Programme of the Company (M&M), while reaffirming its ''''CRISIL AAA/Stable/CRISIL A1+'''' ratings on M&M''s bank loan facilities and debt instruments.

Total Bank Loan Facilities Rated Rs. 1,100 Crore
Long Term Rating CRISIL AAA/Stable (Reaffirmed)
Short Term Rating CRISIL A1+ (Reaffirmed)

Rs. 500 Crore Non Convertible Debentures CRISIL AAA/Stable (Assigned)
Rs. 475 Crore Non Convertible Debentures CRISIL AAA/Stable (Reaffirmed)
Rs. 500 Crore Non Convertible Debentures CRISIL AAA/Stable (Reaffirmed)
Rs. 1,000 Crore Commercial Paper CRISIL A1+ (Reaffirmed)

Please find enclosed a Press Release issued by CRISIL Limited in this regard.

This Press Release has been issued by CRISIL Limited today on 29th May, 2020.

Kindly take the above on record.

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