Mahindra & Mahindra Financial Services has received credit ratings from CRISIL as under:

Non convertible debentures (Rs 24,000 crore) - CRISIL AAA/ Stable
Subordinated debt (Rs 3,113.50 crore) - CRISIL AAA/ Stable
Commercial paper (Rs 15,000 crore) - CRISIL A1+
Bank loan (Rs 13,317 crore) - CRISIL AAA/ Stable (long term) and CRISIL A1+ (short term)
Fixed deposit (Rs 12,000 crore) - CRISIL AAA/ Stable

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