Nuvama Wealth Management Limited — Credit Ratings, 20-02-2026: Credit Rating- Revision

ICRA has upgraded Nuvama Wealth Management's long-term issuer rating and bank facilities to [ICRA]AA (Stable) from [ICRA]AA- (Positive), signaling improved credit quality. Its short-term bank lines and Commercial Paper ratings are reaffirmed at [ICRA] A1+. Similar upgrades and reaffirmations were also assigned to Nuvama's key subsidiaries.