Nexus Select Trust has informed the Exchange regarding Credit rating Review on 07/10/2025
Awaiting price reaction for this filing.
India Ratings and Research (Ind-Ra) has assigned an IND A1+ rating to Nexus Select Trust's Commercial Paper programme. The rated instrument is a 90-day Commercial Paper with a size of INR 6,000 million (₹600 crore). This follows the rating action commentary released on July 17, 2025. IND A1+ is the highest short-term credit rating, indicating the strongest capacity to meet short-term financial commitments. The rating is valid for 60 days from the letter date for instrument issuance, and up to 1 year once issued.
This is a positive development for Nexus Select Trust shareholders, as the top-tier credit rating (IND A1+) enhances the Trust's credibility in debt markets and enables cost-effective short-term borrowing of up to ₹600 crore. It signals strong financial health and could support liquidity for the REIT's operations and growth plans.