CRISIL upgrades Nuvama long-term rating to AA, outlook revised to stable

Rating UpgradedCredit & Debt View source PDF

NUVAMA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.7%1-day move

₹1747.80

prior close

₹1739.60

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

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Up moveDown movePending

AI summary

CRISIL upgraded Nuvama Wealth Management's long-term rating from AA-/Positive to AA/Stable. Short-term rating A1+ and commercial paper rating A1+ were reaffirmed. The same upgrade was applied to three subsidiaries: Nuvama Wealth Finance, Nuvama Wealth and Investment, and Nuvama Clearing Services. Upgrade signals improved credit profile and financial strength.

Likely market impact

Positive for shareholders. Higher rating lowers borrowing costs and reflects stronger financial health of the company.