Bajaj Finance Limited has informed the Exchange about Credit Rating- Revision
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S&P Global Ratings has upgraded Bajaj Finance's issuer credit rating from BBB-/Positive/A-3 to BBB/Stable/A-2, effective August 14, 2025. The upgrade follows India's sovereign rating being raised from BBB- to BBB. The company's Standalone Credit Profile (SACP) remains unchanged at 'bbb'. S&P highlighted Bajaj Finance's strong market position in consumer durables and two/three-wheeler financing, adequate liquidity, and a healthy Risk-Adjusted Capital (RAC) ratio of 18.9% as of March 31, 2025. Credit costs are expected to stay around 2% over the next 12-24 months. S&P views a further upgrade as unlikely in the near term but also considers a downgrade unlikely.
This is a positive development for shareholders as the upgrade lowers Bajaj Finance's borrowing costs, improves its access to global debt markets, and reflects strong fundamentals. The stable outlook signals confidence in sustained performance, though the stock price impact may be modest since the upgrade largely mirrors the sovereign rating action.