Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust has received credit ratings from ICRA Limited for its debt instruments. The Corporate Credit Rating and two outstanding Non-Convertible Debenture tranches totalling Rs. 2,200 crore were reaffirmed at AAA (Stable). Additionally, a proposed NCD of Rs. 350 crore was assigned AAA (Stable). The total rated debt programme amounts to Rs. 2,550 crore across multiple ISINs. AAA (Stable) is the highest investment-grade rating, indicating strong debt servicing capability.
The AAA reaffirmation signals strong financial health and easy access to debt markets. The rating for the proposed Rs. 350 crore NCD suggests the Trust is preparing to raise fresh debt, potentially to fund acquisitions or expansion of its mall portfolio.