Nuvama Wealth Management Limited has informed the Exchange about Credit Rating
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ICRA has assigned a rating of 'AA- (Positive)' to the long-term Principal Protected Market Linked Debentures (PP-MLD) of Nuvama's material subsidiaries — Nuvama Wealth Finance Limited (NWFL) and Nuvama Wealth and Investment Limited (NWIL). ICRA also assigned 'A1+' to the Commercial Papers (IPO Financing) of NWFL. Additionally, ICRA re-affirmed its existing 'AA- (Positive)' long-term and 'A1+' short-term ratings for both subsidiaries. The 'Positive' outlook indicates ICRA's view that the ratings could be upgraded in the future, reflecting strong creditworthiness.
Positive for shareholders — the reaffirmation of high investment-grade ratings with a Positive outlook signals strong financial health and low default risk for Nuvama's key subsidiaries, which is credit-supportive and likely viewed favorably by the market.