BAJFINANCE NSE filing

Moody's assigns 'Baa3' Corporate Family Rating to Bajaj Finance with Stable Outlook

The RealCase readHigh impact Positive

Why it matters

Credit rating announcements from reputable agencies like Moody's have a high impact on investor confidence and the company's ability to raise funds.

The market read

Moody's assigned a 'Baa3' corporate family rating with a stable outlook, reflecting a positive assessment of the company's financial health and market position.

* Moody's Ratings has assigned Bajaj Finance Limited a 'Baa3' Corporate Family Rating (CFR) with a 'Stable' outlook on 4 August 2025. * Simultaneously, Moody's has withdrawn its existing 'Baa3 (Stable outlook) /P-3' long-term and short-term foreign and local currency issuer ratings for its own business reasons. * The 'Baa3' CFR reflects Bajaj Finance's strong franchise as the largest retail-oriented NBFC in India, its diversified loan book, strong capitalization, and competitive funding costs. * These strengths are counterbalanced by the company's focus on riskier unsecured consumer and small business loans and its reliance on wholesale funding. * Moody's expects Bajaj Finance to continue gaining market share with consolidated assets under management of ₹4.4 trillion (about US$50 billion) as of June 2025. * Bajaj Finance's profitability is among the highest amongst rated Indian NBFCs. Return on average assets moderated to 4% in fiscal year ended March 2025 from 4.4% last year. * The company's tangible common equity (TCE) to tangible managed assets (TMA) ratio was strong at 20.4% as of March 2025. * An upgrade of Bajaj Finance's ratings is unlikely, and ratings could be downgraded if asset quality or capitalization deteriorates.

Filing to action

What to do with a filing like this

Bajaj Finance Limited filed this with the NSE as a statutory disclosure, categorised under credit ratings. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.

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Primary source

A plain-language summary of a public exchange filing by Bajaj Finance Limited. Read the original for the full detail.

View original filing