Nexus Select Trust has informed the Exchange regarding Credit rating obtained on 06/05/2025
Awaiting price reaction for this filing.
India Ratings and Research (Ind-Ra) has assigned a credit rating of IND A1+ to Nexus Select Trust's Commercial Paper programmes on May 6, 2025. This covers a proposed commercial paper facility of INR 5,000 million and a FY25 commercial paper of INR 1,000 million, taking the total rated short-term borrowing capacity to INR 6,000 million. IND A1+ is the highest short-term credit rating on Ind-Ra's scale, indicating the strongest capacity to meet timely payment obligations. The rating follows up on a prior rating action commentary released on August 13, 2024.
This is a positive development — receiving the top-tier short-term credit rating (IND A1+) signals strong creditworthiness and should help the trust raise short-term funds at competitive rates. For unitholders, it reflects financial stability and easy access to working capital, though commercial paper issuance adds to short-term debt obligations.