Bajaj Auto Limited has informed the Exchange about Credit Rating
BAJAJ-AUTO · price
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ICRA Limited has reaffirmed and assigned the highest [ICRA]AAA (Stable) credit rating to Bajaj Auto Credit Limited (BACL), Bajaj Auto's wholly owned financing subsidiary. The rating covers non-convertible debentures of Rs. 2,000 crore (reaffirmed), subordinated bonds/debt of Rs. 750 crore (reaffirmed), and long-term bank lines of Rs. 5,000 crore (newly assigned). All instruments carry a Stable outlook, reflecting strong financial health and low default risk for BACL.
Positive for shareholders — the top-tier AAA rating with Stable outlook signals BACL's strong creditworthiness, supporting its ability to raise funds cheaply. The new Rs. 5,000 crore bank line rating boosts BACL's lending capacity, which can drive growth in the auto finance business and benefit Bajaj Auto's overall earnings.