Crisil, India Ratings, CARE Ratings assign AAA to M&M Fincl Svcs instruments
This story was originally published at 12:54 IST on 8 September 2026
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NEW DELHI – Mahindra and Mahindra Financial Services Ltd. has received an 'AAA' rating on its instruments from Crisil, India Ratings, and CARE Ratings, the deposit-taking non-banking financial company said Tuesday.
The three rating agencies assigned an 'AAA' rating to its bank loans with a stable outlook. Its fixed deposits, non-convertible debentures, and subordinated debt instruments also received an 'AAA' rating. Crisil and India Ratings also rated the company's commercial paper 'A1+', Mahindra Finance, a part of Mahindra Group, said.
The non-banking financial company's net profit rose nearly 70% on year and around 3% sequentially to INR 8.99 billion for the June quarter. At 1209 IST, shares of the company traded flat at INR 372.50 on the National Stock Exchange. End
Reported by Priyasmita Dutta
Edited by Akul Nishant Akhoury
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