NSECredit Rating23h ago · 21 Jul 2026, 06:14 pm
Credit Rating
Mahindra & Mahindra Financial Services Limited · M&MFIN
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Mahindra & Mahindra Financial Services Limited has informed the Exchange about Credit Rating received from CARE Ratings Limited and India Ratings & Research Private Limited on 21st July 2026.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact8/10
Market Sentiment6/10
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Mahindra & Mahindra Financial Services Limited has informed the Exchange about Credit Rating
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M_MFIN_21072026181250_Credit_Ratingsigned.pdf
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21st July 2026
BSE Limited National Stock Exchange of India Ltd.
(Scrip Code: 532720) (Symbol: M&MFIN)
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, "G" Block,
Dalal Street, Fort, Bandra - Kurla Complex, Bandra (East),
Mumbai - 400 001 Mumbai - 400 051
Dear Sir/Madam,
Sub: Intimation under Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) – Credit ratings.
In compliance with the provisions of Regulation 30(6) read with Schedule III and other applicable provisions of
the SEBI Listing Regulations, as amended from time to time, please take note of the following ratings received
by the Company on 21st July 2026 from CARE Ratings Limited at 11:37 a.m. (IST), and India Ratings & Research
Private Limited at 11:39 a.m. (IST), respectively, at the request made by the Company:
CARE Ratings Limited:
S.N. Instrument Rated Amount Rating Outstanding
1) Long Term /Short Term Rs. 50,000 crore CARE AAA; Stable / CARE A1+
Bank facilities
India Ratings & Research Private Limited:
S.N. Instrument Rated Amount Rating Outstanding
1) Bank loan INR 800,000 mn IND AAA/ Stable / IND A1+
2) Fixed Deposit INR 200,000 mn IND AAA/ Outlook Stable
This information is also being uploaded on the website of the Company at URL:
https://www.mahindrafinance.com/investor-relations/debt-information#credit-ratings
You are requested to take the same on record.
Thanking you,
For Mahindra & Mahindra Financial Services Limited
Brijbala Batwal
Company Secretary
FCS: 5220