Moody's assigns first-time Baa3 ratings to Bajaj Finance

Moody's has assigned a Baa3 investment grade rating to Bajaj Finance Ltd (BFL) with a stable outlook. Recognized as India’s largest retail NBFC, BFL benefits from a strong franchise, diversified loan book, and competitive funding costs. Despite exposure to economic shocks, effective risk management processes support its risk-adjusted profitability and market growth potential.