Mahindra & Mahindra credit rating upgraded to 'AAA'

Tags: Companies
Mahindra & Mahindra (M&M) today said its credit rating has been upgraded to the highest level 'AAA' by India Ratings & Research, the domestic arm of global ratings agency Fitch.

M&M has been assigned with a long-term issuer credit rating of 'Ind AAA' with a stable outlook.

This upgrade is the result of the company's resilience to economic cycles over the past 18 years, its strong market position, meaningful diversification activities, effective product development strategies and conservative financial policies, a company statement said here.

"This improvement in our credit rating is a reflection of Mahindra's financial prudence over the years. It also recognises our ability to manage an increasingly volatile and complex business environment," Mahindra Group Chairman Anand Mahindra said.


  • Monetary policy review needs to look beyond key policy rate

    After changes in the interest rate cycle direction, expectation of some action on rates is high before every monetary policy review of the Reserve Ban


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Arun Kumar Jain

India in a new age work order

There are three broad categories of people in the world ...

Rajgopal Nidamboor

The balancing act of nature

It’s a fact of modern life that you and I ...

Dharmendra Khandal

For a lark, let's do something serious finally

It’s a sight to behold. As you drive through a ...


William D. Green

Chairman & CEO, Accenture