Credit rating agency, ICRA has assigned the rating of ‘A1+’ to the enhanced Rs 15,000 crore short-term debt programme of Bajaj Finance. The rating agency also has ratings outstanding of ‘AA+’ for the Rs 8,000 crore non-convertible debentures and Rs 1700 crore subordinated debentures of the company. The outlook on the long-term rating is Positive. ICRA also has a rating of ‘MAAA (stable)’ for the fixed deposits programme of the company.
Bajaj Finance is a non-banking finance company offers lending and allied services to consumers, small and medium enterprises, commercial establishments and to the rural segments.