Bajaj Finance Limited — Credit Ratings, 05-08-2025: Credit Rating- New

Moody's Ratings has assigned Bajaj Finance Limited (BFL) a 'Baa3 Corporate Family Rating' with a 'Stable' outlook, reflecting its strong market leadership as India's largest retail-focused NBFC. This is supported by its diversified loan book, high profitability, and robust capitalization. BFL's assets under management reached INR 4,40,000 Cr as of June 2025. Despite a focus on unsecured loans and reliance on wholesale funding, the stable rating is bolstered by an expected reduction in borrowing costs due to recent policy rate cuts. This positive assessment enhances investor confidence and provides strategic room for BFL's continued market expansion.