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Nashik Municipal Corporation — Bonds & AA (CRISIL) Rating

Corporate · Sovereign

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Agency Rating
AA (CRISIL)
Most common current rating on senior bonds
6 of 6 rated · CRISIL, 28 Jun 2026
Total Debt Outstanding
₹400 Cr
Across 10 instruments
Active Bonds
10
First Issue
25 Nov 2025
Latest Issue
5 Mar 2026
Maturity Range
2029 - 2036
Observation
10 active bonds tracked from this issuer.
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Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
Issuer health card Nothing flagged on record
  • Current ratings CRISIL AA
  • Rating range All current ratings are AA (CRISIL 28 Jun 2026)
  • Rating direction, 12 months 0 upgrades, 0 downgrades
  • Watch / negative outlook None in 12 months
  • Issuer not cooperating No such actions in 12 months
  • Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
  • Newest agency rating Dated 28 Jun 2026
  • Payment record No payment disclosures since 17 Jul 2026
  • Defaults on record No bond marked defaulted
  • Traded in the last 30 days 8 of 10 active bonds had an exchange trade
  • Exchange filings, 90 days 0 filings on NSE/BSE

A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.

Alert me about Nashik Municipal Corporation An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.
01 Issuer Overview
Sector
Sovereign
Issuer Type
Corporate
First Tracked Bond
25 Nov 2025
Start of this issuer's debt program timeline
  • 10 active bonds tracked from this issuer.
  • 0 of 10 tracked bonds with a stated security status are secured. (based on 10 bonds with a disclosed security status)
  • Most recent rating action: update by CRISIL on 8 Sep 2026.

Nashik Municipal Corporation, a corporate issuer in the Sovereign sector, is tracked on RetailBonds.in. Outstanding bonds carry coupons between 7.80% - 8.05%, paid semi-annually. Maturities on outstanding bonds fall between 2029 - 2036.

Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.

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02 Debt Profile
Outstanding Bonds
10
Tracked by RetailBonds
Amount Tracked
₹400 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt
Avg Coupon
8.00%
Range 7.80% - 8.05%
Avg Remaining Tenure
5.4 Yrs
Nearest maturity Mar 2029
Secured
0%
0 of 10 bonds with known status
Callable
0
Of 10 bonds
Avg Spread vs G-Sec
+70 bps
Credit premium, from 8 bonds with a current market yield

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (2 bonds).

0 2029: 2 bonds, ₹125 Cr tracked, avg coupon 7.93% 2 bonds 2029 2030: 2 bonds, ₹125 Cr tracked, avg coupon 7.93% 2 bonds 2030 2031: 1 bond, ₹25 Cr tracked, avg coupon 8.05% 1 bond 2031 2032: 1 bond, ₹25 Cr tracked, avg coupon 8.05% 1 bond 2032 2033: 1 bond, ₹25 Cr tracked, avg coupon 8.05% 1 bond 2033 2034: 1 bond, ₹25 Cr tracked, avg coupon 8.05% 1 bond 2034 2035: 1 bond, ₹25 Cr tracked, avg coupon 8.05% 1 bond 2035 2036: 1 bond, ₹25 Cr tracked, avg coupon 8.05% 1 bond 2036

Security Type / Instrument Mix

  • NCD 10 bonds · 100% · ₹400 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2025: ₹200 Cr issued 2025 2026: ₹200 Cr issued 2026 Cumulative: ₹200 Cr Cumulative: ₹400 Cr

Based on 10 of 10 active bonds with a known issue date and issue size.

03 Credit Profile
  • AA 10 bonds · 100%
AgencyRatingOutlookBonds
CRISIL AA — 6
CRISIL AA+ NSDL record — 4

Recent Rating Actions

8 Sep 2026 · CRISIL
—
Update
NCD Public Issues
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade Details
INE579F24099 Nashik Municipal 8.05% Mar 2029 NCD 8.05% AA+ (CRISIL, NSDL record 2026) 2029-03-05 7.11% 2026-10-28
INE579F24016 Nashik Municipal 7.80% Nov 2029 NCD 7.80% AA+ (CRISIL, NSDL record 2025) 2029-11-25 — —
INE579F24065 Nashik Municipal 8.05% Mar 2030 NCD 8.05% AA (CRISIL) 2030-03-05 8.54% 2026-11-06
INE579F24024 Nashik Municipal 7.80% Nov 2030 NCD 7.80% AA+ (CRISIL, NSDL record 2025) 2030-11-25 — —
INE579F24032 Nashik Municipal 8.05% Mar 2031 NCD 8.05% AA (CRISIL) 2031-03-05 7.55% 2026-11-06
INE579F24057 Nashik Municipal 8.05% Mar 2032 NCD 8.05% AA+ (CRISIL, NSDL record 2026) 2032-03-05 8.38% 2026-11-06
INE579F24040 Nashik Municipal 8.05% Mar 2033 NCD 8.05% AA (CRISIL) 2033-03-05 7.68% 2026-11-06
INE579F24081 Nashik Municipal 8.05% Mar 2034 NCD 8.05% AA (CRISIL) 2034-03-05 8.21% 2026-10-14
INE579F24073 Nashik Municipal 8.05% Mar 2035 NCD 8.05% AA (CRISIL) 2035-03-05 8.18% 2026-11-04
INE579F24107 Nashik Municipal 8.05% Mar 2036 NCD 8.05% AA (CRISIL) 2036-03-05 7.70% 2026-10-14
Compare (/) Compare Bonds

YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

BSE Traded Value (Last 30 Days)
—
Number of Trades (Last 30 Days)
35
Avg. Yield (Last 30 Days)
8.42%
06 Regulatory Filings
Credit Rating Rationale
07 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 10 2026-06-28
Rating Actions History 1 2026-09-08
Secondary-Market Trades 145 2026-11-06
Reg52(4) Payment Disclosures 0 —

Methodology version 1.0. See full methodology for sources and limitations.

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Frequently Asked Questions
How many active bonds does Nashik Municipal Corporation have?

Nashik Municipal Corporation currently has 10 active bonds with coupons of 7.80% - 8.05%, maturities spanning 2029 - 2036.

What is Nashik Municipal Corporation's credit rating?

The most common current rating on Nashik Municipal Corporation's senior bonds is AA (CRISIL). Ratings on file come from CRISIL.

Are Nashik Municipal Corporation's bonds secured?

Of the 10 bonds with a disclosed security status, 0 are secured (0%) and 10 are unsecured.

When do Nashik Municipal Corporation's bonds mature?

Nashik Municipal Corporation's active bonds mature between 2029 - 2036; the nearest matures in Mar 2029; the average tenure is 5.4 Yrs.

What is the average coupon on Nashik Municipal Corporation's bonds?

The average coupon across Nashik Municipal Corporation's 10 active bonds is 8.00%.

Disclaimer: This page aggregates publicly available data about Nashik Municipal Corporation for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.