Nexus Select Trust has informed the Exchange regarding Credit rating obtained on 22/04/2025
Awaiting price reaction for this filing.
Nexus Select Trust has received credit ratings from ICRA Limited across multiple debt instruments. The Corporate Credit Rating was reaffirmed at AAA with a Stable outlook. Existing Non-Convertible Debentures (NCDs) of ₹1,200 crore and ₹1,000 crore were also reaffirmed at AAA (Stable). Additionally, a proposed NCD of ₹350 crore received a fresh AAA (Stable) rating assignment, indicating plans for new debt issuance. The total rated amount across all instruments stands at ₹2,550 crore. AAA is the highest investment-grade rating, signaling strong financial health and repayment capacity.
The reaffirmation of AAA ratings reflects strong creditworthiness and low default risk, which is positive for existing debenture holders and may help the trust raise the proposed ₹350 crore at favorable rates. No negative signals for shareholders.