Nuvoco Vistas Corporation Limited — Credit Ratings, 14-05-2025: Credit Rating- New

Nuvoco Vistas Corp. Ltd.’s commercial paper rating has been upgraded to “IND A1+” by India Ratings and “CRISIL A1+” by CRISIL, with the rated amount increased from Rs. 500 Cr to Rs. 1700 Cr. This upgrade reflects the company’s strong short-term credit profile, supported by healthy liquidity and robust financial health. The improved ratings are expected to reduce Nuvoco’s borrowing costs and enhance investor confidence, offering greater flexibility in managing short-term funding. Ratings on other borrowings remain unchanged, signaling a stable long-term credit position.