Nexus Select Trust has informed the Exchange regarding Credit rating obtained on 17/07/2025
Awaiting price reaction for this filing.
Nexus Select Trust has disclosed that India Ratings and Research has affirmed the credit rating of IND A1+ for its Commercial Paper program. The rated CP facility has a size of INR 6,000 million (₹600 crore) with a 90-day maturity. The rating action is 'Affirmed,' meaning the existing rating was re-confirmed rather than changed. IND A1+ is the highest short-term credit rating, reflecting strong capacity to meet short-term financial commitments. The disclosure was made under SEBI's REITs regulations and is relevant for NCD and CP scrip codes listed on the exchange.
Affirmation at the top short-term rating signals strong credit quality and continued investor confidence in Nexus Select Trust's ability to service short-term debt, which is positive for shareholders and may support lower borrowing costs for future CP issuances.