Nuvoco Vistas Corporation Limited announced that CRISIL Ratings Limited has reaffirmed its rating of ‘Crisil A1+’ on the company’s Commercial Paper programme. The programme’s limit has been revised to Rs.1,100 crores from the earlier Rs.1,700 crores, with the rating withdrawn on the reduced portion. Additionally, CRISIL reaffirmed ratings of ‘Crisil AA/Crisil AA-/Stable/Crisil A1+’ on existing bank facilities and debt instruments.
Credit Rating Update for Nuvoco Vistas
Nuvoco Vistas Corporation Limited has received a crucial update regarding its credit ratings. CRISIL Ratings Limited has reaffirmed the company’s rating at ‘Crisil A1+’ for its Commercial Paper (CP) programme. This rating signifies a strong capacity to meet financial commitments.
Commercial Paper Programme Revision
The Commercial Paper programme has seen a revised limit of Rs.1,100 crores. This represents a reduction from the previously rated limit of Rs.1,700 crores. CRISIL has withdrawn the rating pertaining to the reduced portion of Rs.600 crores, in line with its policy. Importantly, there is no change in the ‘Crisil A1+’ rating for the continuing Commercial Paper programme of Rs.1,100 crores.
Ratings on Bank Facilities and Debt Instruments
In addition to the Commercial Paper rating, CRISIL has also reaffirmed other key ratings for Nuvoco Vistas. These include ‘Crisil AA/Crisil AA-/Stable’ ratings on the company’s existing bank facilities and debt instruments. This reaffirmation underscores the company’s overall financial health and creditworthiness.
The information regarding these ratings was received from CRISIL via email on August 19, 2026.
Source: BSE
