Corporate News     21-Mar-24
Mahindra & Mahindra Financial Services receives ratings action from India Ratings & Research
Mahindra & Mahindra Financial Services has received credit ratings from India Ratings & Research as under:

1 Non-convertible Debentures (Rs 39000 crore) - ‘IND AAA'/ Outlook Stable
2 Retail Non-convertible Debentures (Rs 10000 crore) - ‘IND AAA'/ Outlook Stable (The rated limit is interchangeable with retail subordinated debt)
3 Private Sub Debt (Rs 3450 crore) - ‘IND AAA'/ Outlook Stable
4 Principal Protected Market Linked Debenture (Rs 1500 crore) - IND PP-MLD AAA/Stable
5 Retail Subordinate Debt (Rs 3000 crore) - ‘IND AAA'/ Outlook Stable
6 Commercial Paper (Rs 15000 crore) - IND A1+

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 ( Market Commentary - Mid-Session 26-Jun-24   13:41 )
  Mahindra & Mahindra Financial Services consolidated net profit declines 42.68% in the September 2023 quarter
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  Mahindra & Mahindra Financial Services consolidated net profit rises 34.39% in the September 2020 quarter
 ( Results - Announcements 27-Oct-20   08:01 )
  M&M Financial Services gains after Q4 FY22 disbursements grow 66% YoY
 ( Hot Pursuit - 04-Apr-22   14:59 )
  Mahindra & Mahindra Financial Services records strong business momentum
 ( Corporate News - 04-Apr-22   14:06 )
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 ( Hot Pursuit - 04-Apr-22   13:48 )
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