Mahindra & Mahindra Ltd announced that India Ratings has affirmed its ratings on various instruments, including Non-convertible debentures totaling 4,750 crore, bank loan facilities amounting to 13,025 crore, and Debt Instruments carrying ratings of IND AAA/Stable and IND A1+, with India Ratings and Research Private Limited also providing details regarding a Non-Convertible Debenture (NCD) with an amount of 475 crore (INE101A0 8088), while India Ratings and Research has re-affirmed a rating of AAA/Stable with a verified date of 07-09-2026 and maturity date of 07-09-2026, noting that ratings are not a recommendation and with no rating data present for other agencies.