Mahindra and Mahindra Financial Services Limited — Bonds & AAA (CRISIL) Rating
NBFC · Financial Services
Verify this issuer →- Current ratings CRISIL AAA, India Ratings AAA, CARE AAA
- Rating range All current ratings are AAA (CARE 31 Aug 2019, CRISIL 30 Jun 2026, India Ratings 31 Jul 2025)
- Rating direction, 12 months 0 upgrades, 0 downgrades
- Watch / negative outlook None in 12 months
- Issuer not cooperating No such actions in 12 months
- Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
- Newest agency rating Dated 30 Jun 2026
- Payment record No payment disclosures since 17 Jul 2026
- Defaults on record No bond marked defaulted
- Traded in the last 30 days 14 of 40 active bonds had an exchange trade
- Exchange filings, 90 days 0 filings on NSE/BSE
A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.
- 40 active bonds tracked from this issuer.
- 24 of 39 tracked bonds with a stated security status are secured. (based on 39 bonds with a disclosed security status)
- Most recent rating action: update by CRISIL on 14 Aug 2026.
Operating in the Financial Services sector, Mahindra and Mahindra Financial Services Limited is classified as an NBFC. Bond coupons here span 7.05% - 9.50%, paid annually. The maturity ladder spans 2027 - 2035.
Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.
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Maturity Profile
Active bonds maturing, by year. Bar height relative to the tallest year (12 bonds).
Security Type / Instrument Mix
- NCD 40 bonds · 100% · ₹30,260 Cr tracked
Funding Evolution
Based on 33 of 40 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.
- AAA 32 bonds · 80%
- Unrated 8 bonds · 20%
| Agency | Rating | Outlook | Bonds |
|---|---|---|---|
| CRISIL | AAA | Stable | 6 |
| CRISIL | AAA | — | 5 |
| India Ratings | AAA | Stable | 2 |
| CARE | AAA | — | 1 |
| India Ratings | AAA | — | 1 |
| CARE | AAA | — | 7 |
| India Ratings | AAA | — | 5 |
| CRISIL | AAA | — | 3 |
| Brickwork | AAA | — | 2 |
Recent Rating Actions
YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.
Last 30 days, across all outstanding bonds from this issuer.
| Dataset | Count | Freshness |
|---|---|---|
| Credit Ratings (current) | 32 | 2026-06-30 |
| Rating Actions History | 1 | 2026-08-14 |
| Secondary-Market Trades | 134 | 2026-11-06 |
| Reg52(4) Payment Disclosures | 0 | — |
Methodology version 1.0. See full methodology for sources and limitations.
Related Issuers
All issuers →How many active bonds does Mahindra and Mahindra Financial Services Limited have?
Mahindra and Mahindra Financial Services Limited currently has 40 active bonds with coupons of 7.05% - 9.50%, maturities spanning 2027 - 2035.
What is Mahindra and Mahindra Financial Services Limited's credit rating?
The most common current rating on Mahindra and Mahindra Financial Services Limited's senior bonds is AAA (CRISIL). Ratings on file come from CARE, CRISIL, India Ratings.
Are Mahindra and Mahindra Financial Services Limited's bonds secured?
Of the 39 bonds with a disclosed security status, 24 are secured (61%) and 15 are unsecured.
When do Mahindra and Mahindra Financial Services Limited's bonds mature?
Mahindra and Mahindra Financial Services Limited's active bonds mature between 2027 - 2035; the nearest matures in Jan 2027; the average tenure is 3.3 Yrs.
What is the average coupon on Mahindra and Mahindra Financial Services Limited's bonds?
The average coupon across Mahindra and Mahindra Financial Services Limited's 40 active bonds is 8.14%.
Disclaimer: This page aggregates publicly available data about Mahindra and Mahindra Financial Services Limited for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.