New Delhi: Global rating agency Moody’s has assigned Bajaj Finance Limited (BFL) a ‘Baa3’ rating for the first time, indicating investment ‘grade’ with a stable outlook.
Quoting Moody’s statement, BFL said, the company’s rating recognizes its strong and established ‘franchise’ as the largest retail-oriented non-banking financial company (NBFC) in India, with a large customer base and distribution. Is the network. This includes its diverse loan book that supports its high risk-adjusted profitability, its capitalization and its competitive funding costs.
It said, BFL possibly? Will continue to gain market share. It will further expand its already large ‘franchise’ with consolidated assets under management of Rs 3500 billion (US$ 42 billion) by June 2024.