Bajaj Fin Gets Moody’s Baa3 Ratings

New Delhi: Global rating agency Moody’s has assigned a first-time Baa3 rating indicating investment grade to Bajaj Finance Ltd (BFL) with stable outlook. The company’s ratings consider its strong and entrenched franchise as the largest retail oriented NBFC in India with a sizable customer base and distribution network; its diversified loan book, which supports its high risk-adjusted profitability; its capitalization; and its competitive funding costs, BFL said quoting Moody’s statement.

BFL will likely continue gaining market share and further augmenting its already sizable franchise with consolidated assets under management of Rs3.5 trillion ($42 billion) as of June 2024, it said.