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Entity-Specific Rating Rationales

28 Nov 2025

SML Mahindra Limited: Ratings reaffirmed for BLR and assigned for Commercial Paper

SML Mahindra Limited: Ratings reaffirmed for BLR and assigned for Commercial Paper

17 Oct 2025

SML Mahindra Limited: Long-term rating upgraded and removed from Watch with Positive Implications; Stable outlook assigned; short-term rating reaffirmed

SML Mahindra Limited: Long-term rating upgraded and removed from Watch with Positive Implications; Stable outlook assigned; short-term rating reaffirmed

05 May 2025

SML Isuzu Limited: Long-term rating placed on watch with positive implications

SML Isuzu Limited: Long-term rating placed on watch with positive implications

06 Sep 2024

SML Isuzu Limited: Ratings upgraded; rated amount enhanced

SML Isuzu Limited: Ratings upgraded; rated amount enhanced

14 Aug 2023

SML Isuzu Limited: Ratings reaffirmed; outlook revised to Stable; rated amount enhanced

SML Isuzu Limited: Ratings reaffirmed; outlook revised to Stable; rated amount enhanced

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Entity-Specific Credit Perspective Reports

17 Nov 2025

SML Mahindra Limited

SML Mahindra Limited (Non-SF)

27 Sep 2024

SML Mahindra Limited

SML Mahindra Limited (Non-SF)

28 Aug 2023

SML Mahindra Limited

SML Mahindra Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Commercial Paper [ICRA]A1+ -- -- --
Term Loan -- -- [ICRA]AA+(Stable) --
Cash Credit -- -- [ICRA]AA+(Stable) --
Fund Based - Working Capital [ICRA]A1+ -- -- --
Commercial Paper * -- -- --

Our Analysts

Analyst 1

Shaurya Gupta

Analyst 2

Rohan Kanwar Gupta

Sector Head

Jitin Makkar
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