2024 Mahindra XUV300 Facelift Looks Production Ready In This Spy Shot
- Feb 19, 2024
- Views : 13062
Homegrown automaker Mahindra & Mahindra (M&M) has a reason to be happy. Rating agency, Crisil, has updated M&M’s credit rating to AAA/Stable from AA+. This credit rating has been assigned to the long-term bank facilities and Non-Convertible Debenture (NCD) programme by the rating agency. The agency has also reaffirmed the rating on M&M’s short-term facilities and debt programme at Crisil A1+.
Commenting on the development, Anand Mahindra, Chairman, Mahindra Group, said, “This rating upgrade by Crisil is of special significance, completing as it does the quick succession of recent upgrades by other rating agencies. For the first time in M&M’s history, four rating agencies have assigned us an AAA rating at the same point in time. It is truly a Rise moment for the Mahindra Group and is a key plank in the drive to achieve our 2021 brand aspiration.”
The upgrade in the rating is in accordance with M&M’s market share, capability of developing new products and constantly improving revenue diversity in the auto and farm equipment businesses. This upgrade in long-term ratings reflects M&M’s healthy business profile coupled with Crisil’s belief that the company will maintain a strong financial risk profile, backed by positive free cash flows and flexible financial arising from the significant market value of its holdings.
2024 Mahindra XUV300 Facelift Looks Production Ready In This Spy Shot
The Mahindra Scorpio N Gets A New Z8 S Variant With New Midnight...
Mahindra Thar 5-Door Stuck And Struggles In Modest Slush In Manali,...
Production-ready Mahindra Thar 5-door Interior Spotted, Here’s...
10 Features The Mahindra Thar 5-door Is Expected To Get Over The...
10 Features The New Mahindra Thar 5-door Is Expected To Get Over The...
Mahindra Thar, Scorpio N And XUV700 Production Ramped Up, Yet No...
5 Cricketers That Received Mahindra Thar As Gift From Anand Mahindra
THIS Is When The Mahindra Thar 5-door Will Be Launched In India
10 Lucky People To Win Gift Hampers With Maruti Suzuki Celerio Lucky...
India's largest automotive community