Nexus Select Trust Receives Crisil Rating for INR 500 Crore Commercial Paper Issue
Nexus Select Trust has secured a credit rating from Crisil Ratings Limited regarding its commercial paper issuance. The ratings indicate that the securities carry a strong degree of safety concerning the timely payment of financial obligations and are considered to have low credit risk.The assessment pertains specifically to the Credit Rating for Commercial Paper issued by Nexus Select Trust.
Key details regarding the rating assignment, as reported, are presented below:
| Name of Credit Rating Agency | Particulars | Size of the Issue (Crore) | Ratings |
|---|---|---|---|
| Crisil Ratings Limited | Commercial Paper | INR 500 | Crisil A1+ |
The rating from Crisil Ratings Ltd. confirms the strength of the issue, stating that the securities are considered to have a very strong degree of safety regarding timely payment of financial obligations for the commercial paper programme.
NXST Stock Price Movement
Shares of Nexus Select Trust are climbing slightly in live trading, currently trading at ₹155.30 after gaining 0.17% as of 3:27 PM. The stock saw active buying interest, with a total traded volume reaching 332,270 shares during the current session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.