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Article: CRISIL confirms GVC Level 1 rating on Mahindra & Mahindra.
- Article from:
- ADP Debt News
- Article date:
- September 17, 2009
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(ADPnews) - Sep 17, 2009 - Indian credit rating agency CRISIL confirmed yesterday the governance and value creation rating of GVC Level 1 on local vehicles maker Mahindra & Mahindra Ltd (BOM:500520).
The rating indicates that the company's capability with regard to corporate governance and value creation for all its stakeholders is the "highest".
Mahindra & Mahindra's superior corporate governance practices are derived from the exceptional composition of its board of directors, and the strong strategic direction and rigorous management oversight they provide. The rating also reflects the management's commitment to the highest standards of corporate ...