Nuvama Wealth Management Limited — Credit Ratings, 05-05-2025: Credit Rating

ICRA has upgraded the credit rating to [ICRA]AA- with a Positive outlook for the Non-convertible Debentures of Nuvama Wealth Finance Limited and Nuvama Wealth and Investment Limited, subsidiaries of Nuvama Wealth Management. This upgrade reflects stronger financial health and stability driven by robust business profiles and solid liquidity. The improved rating is expected to lower their borrowing costs and enhance investor confidence, giving them increased strategic flexibility for future financing and growth plans.