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ICRA Limited has reaffirmed Mahindra Logistics' credit ratings.

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Mahindra Logistics LimitedMAHLOG · Filed with the exchange

The Long Term/Short Term facilities of Rs 350 Cr are rated [ICRA]AA (Stable)/[ICRA]A1+, and Commercial Paper of Rs 100 Cr is [ICRA]A1+. This reflects strong financials, robust Mahindra Group linkages, and reduced debt post a recent rights issue.

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