Mahindra Mahindra Ltd. (MM) has been assigned BBB- long term corporate credit rating with a Stable Outlook by Standard Poor Ratings Service (SP), the well known global rating agency. SP rating reflects the companys leading market position in tractor and utility vehicle (UV) segments, strong financial ratios, and financial flexibility arising out of significant investments in group companies. This rating action of SP is based on MM conservative leverage policies, healthy cashflow generation and the market leading position in Indian Tractor and UV industries, risk mitigation through presence in various businesses with a pan-India footprint and a good mix of rural and urban customers. India sovereign rating from S P also stands at BBB-. Mr. Anand Mahindra, Chairman, Mahindra Group, said on this occasion, SP rating is an important event in MM 70 year history.