Bajaj Finance Limited — Credit Ratings, 17-10-2024: Credit Rating- New

Moody's Ratings has assigned Bajaj Finance Limited a first-time Baa3 (stable outlook) long-term and P-3 short-term foreign and local currency issuer ratings. The ratings reflect Bajaj Finance's strong market position, diversified loan portfolio, and robust capitalization, while noting risks related to its unsecured lending focus. The company's solid asset quality metrics and effective risk management contribute to its profitability and financial stability, positioning it for continued market share growth.