MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - Credit Rating

Mahindra & Mahindra Financial Services Ltd has informed BSE that India Ratings & Research Private Limited ('India Ratings'), vide its letter dated January 19, 2016 has re-affirmed/assigned the following ratings:-<BR><BR>1. Long Term Issuer Rating (Re-affirmed) : 'IND AAA'/Outlook Stable<BR><BR>2. INR 5 billion Retail Subordinated Debt : 'IND AAA'/Stable (assigned)