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NIS Management Ltd. secures credit rating upgrades from ICRA Limited on bank facilities

11-Nov-26 14:43 Hrs IST

NIS Management Ltd announced a revision in credit ratings on its bank facilities, as communicated by ICRA Limited on November 10, 2026, resulting in upgrades across several instruments; specifically, the Non-fund based – Others Short Term instrument of Rs 22 crores received a rating upgrade from ICRA A2 to ICRA A2+, the Fund-based - Cash credit instrument of Rs 71 crores saw its rating upgraded from ICRA BBB+ (Positive) to ICRA A- (Stable), the Unallocated limits instrument of Rs 3.97 crores received an upgrade from ICRA BBB+ (Positive) / ICRA A2 to ICRA A- (Stable) / ICRA A2+, and the Fund-based - Standby line of credit instrument of Rs 3.50 crores was upgraded from ICRA A2 to ICRA A2+, with no other rating agencies involved and no withdrawals or assignments noted.

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