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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Nexus Select Trust

Nexus Select Trust: ICRA reaffirms 'AAA (Stable)' Issuer Rating

RATING ▲ Positive Development LOW RISK
📅 Filed on BSE: 08 Oct 2026, 06:06 PM IST  ·  BSE ID: 22aa2a9a-60ab-4b31-ac1e-0d14217d999e
View Original BSE Filing (PDF)
💡
In Simple Terms
Credit agency ICRA confirmed Nexus Select Trust has the highest level of creditworthiness, giving comfort to its debt instruments.
🤖 AI Summary
  • Nexus Select Trust's Issuer Rating reaffirmed as 'AAA (Stable)' by ICRA.
  • Proposed INR 750 Crore Non-Convertible Debentures assigned 'AAA (Stable)' rating.
  • Existing NCDs totaling INR 2,550 Crore also reaffirmed 'AAA (Stable)' by ICRA.
  • The rating signifies highest credit quality and lowest credit risk for Nexus Select Trust.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Proposed Non-Convertible Debentures
INR 750 Crore
Non-Convertible Debentures (reaffirmed)
INR 700 Crore
Non-Convertible Debentures (reaffirmed)
INR 1200 Crore
Non-Convertible Debentures (reaffirmed)
INR 350 Crore
Non-Convertible Debentures (reaffirmed)
INR 300 Crore
🏢 How This Affects the Company
💰
Financial Impact
The reaffirmation of 'AAA (Stable)' ratings by ICRA on proposed and existing debt instruments signifies strong creditworthiness, potentially facilitating favourable financing terms for future capital requirements.
⚠️
Risk Impact
Maintaining the highest credit rating ('AAA') indicates a reduced risk profile concerning debt servicing capabilities, as assessed by a leading credit rating agency.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this credit rating announcement.
👤
Who Is Affected
This rating action affects debt holders and potential investors in Nexus Select Trust's debt instruments by confirming its highest creditworthiness.
🔍
Management Signal
The management's proactive engagement with credit rating agencies and successful reaffirmation of top ratings signals a commitment to financial prudence and stability.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Review of credit ratings within one year by ICRA.
Future debt issuances and their assigned credit ratings.
Company's financial results disclosures for ongoing credit assessment.
LOW RISK The rating is the highest possible, indicating strong credit quality and low risk.
💡 Investor Takeaway
Nexus Select Trust's Issuer Rating reaffirmed as AAA (Stable) by ICRA, with proposed INR 750 Crore NCDs and existing INR 2,550 Crore NCDs also rated AAA (Stable).
⚖️ Strengths & Concerns

✅ Positives

  • Nexus Select Trust's Issuer Rating has been reaffirmed at the highest credit quality level: AAA (Stable) by ICRA Limited.
  • Multiple Non-Convertible Debentures issuances, including proposed INR 750 Crore, were assigned or reaffirmed with the top-tier AAA (Stable) rating.
📅 Company Track Record
Previously, Nexus Select Trust had its INR 1,800 Crore NCDs and INR 500 Crore CPs reaffirmed AAA/Stable ratings in July 2026. In April 2026, AAA/Stable ratings were reaffirmed on INR 4,550 Crore debt.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What credit rating did ICRA assign to Nexus Select Trust's proposed Non-Convertible Debentures?
ICRA assigned an 'AAA (Stable)' rating to Nexus Select Trust's proposed Non-Convertible Debentures worth INR 750 Crore.
What was the outcome of ICRA's review for Nexus Select Trust's Issuer Rating?
ICRA Limited reaffirmed Nexus Select Trust's Issuer Rating as 'AAA (Stable)'.
Which Non-Convertible Debentures issuances were reaffirmed by ICRA for Nexus Select Trust?
ICRA reaffirmed 'AAA (Stable)' ratings on Non-Convertible Debentures totaling INR 2,550 Crore (INR 700 Cr + INR 1200 Cr + INR 350 Cr + INR 300 Cr).
What does the 'AAA (Stable)' credit rating signify for Nexus Select Trust?
The 'AAA (Stable)' rating signifies the highest credit quality and the lowest expectation of credit risk, indicating strong capacity to meet financial obligations.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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