Crisil reaffirms A1+ rating on Nexus Select Trust 500cr commercial paper

Crisil Ratings has reaffirmed the highest short-term credit rating of A1+ on Nexus Select Trust commercial paper program worth 500 crore. A1+ indicates very strong degree of safety for timely payment of financial obligations and carries the lowest credit risk. The rating letter is valid for 60 days; once the CP is issued, the rating stands valid for the life of the program with maximum one-year maturity. This follows a prior Crisil rating letter dated April 21, 2026.