--Crisil Reaffirms Ratings On Mahindra & Mahindra's Bank Facilities

M2 Banking & Credit News › February 16, 2011

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BANKING AND CREDIT NEWS-February 16, 2011--CRISIL reaffirms ratings on Mahindra & Mahindra's bank facilities

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--Crisil Reaffirms Ratings On Mahindra & Mahindra's Bank Facilities

16 February 2011 - Indian rating agency CRISIL yesterday reaffirmed the ratings on the bank facilities of Mahindra & Mahindra Ltd (BOM:500520) at AA+/P1+.

The agency issued the following press release:

Rs.500 Million Working Capital Demand Loans AA+/Stable (Reaffirmed)

Rs.3000 Million Commercial Paper Programme P1+ (Reaffirmed)

Rs.3000 Million Short-Term Loan P1+ (Reaffirmed)

Rs.2500 Million Bank Guarantee and Letter of Credit P1+ (Reaffirmed)

CRISIL has reaffirmed its ratings on Mahindra & Mahindra Ltd's (M&M's) bank ...

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