ICRA Upgrades Nuvama Wealth Ratings, Affirms Top Short-Term Grades Across Group

Nuvama Wealth Management Limited ( (IN:NUVAMA) ) has issued an update.

Nuvama Wealth Management Limited announced that rating agency ICRA has upgraded the company’s issuer rating and its long-term bank facilities to [ICRA]AA with a stable outlook from [ICRA]AA- with a positive outlook, while reaffirming its top short-term rating of [ICRA]A1+ and maintaining the commercial paper rating at the same level. ICRA also upgraded long-term ratings to [ICRA]AA (Stable) and reaffirmed [ICRA]A1+ short-term ratings for Nuvama Wealth Finance Limited, Nuvama Wealth and Investment Limited, and Nuvama Clearing Services Limited, signaling strengthened credit quality across the group and potentially enhancing its access to funding and market confidence among lenders and investors.

More about Nuvama Wealth Management Limited

Nuvama Wealth Management Limited is an India-based financial services firm focused on wealth management and investment solutions. Through its key subsidiaries—Nuvama Wealth Finance Limited, Nuvama Wealth and Investment Limited, and Nuvama Clearing Services Limited—the group offers financing, investment banking, and clearing services to a broad base of capital markets and wealth management clients.

Average Trading Volume: 23,795

Technical Sentiment Signal: Sell

Current Market Cap: 239.8B INR

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