Announced Fri, 21 Aug · 17:10 IST
CRISIL reaffirms A1+ rating; Nuvoco cuts Commercial Paper limit by Rs 600 cr
NUVOCO · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
CRISIL reaffirmed A1+ rating on Nuvoco's Commercial Paper programme. Company voluntarily cut its rated CP limit from Rs 1,700 cr to Rs 1,100 cr (down Rs 600 cr); CRISIL withdrew the rating on the reduced portion. CRISIL also reaffirmed AA/AA-/Stable/A1+ ratings on existing bank facilities and debt instruments. No rating change.
Likely market impact
Stable credit profile; company voluntarily trimmed short-term borrowing limit by Rs 600 cr, signalling lower reliance on commercial paper debt.