Bajaj Finance gets revision in credit ratings

From CRISIL

Bajaj Finance announced that CRISIL has upgraded credit rating of the Company in respect of long term bank loan and non-convertible debentures as follows -

Long term bank loan - CRISIL AAA/ Stable (Upgraded from CRISIL AA+/ Positive)

NCDs - CRISIL AAA/ Stable (Upgraded from CRISIL AA+/ Positive)

Suborbinated Debt - CRISIL AAA/ Stable (Upgraded from CRISIL AA+/ Positive)

Lower Tier II Bonds - CRISIL AAA/ Stable (Upgraded from CRISIL AA+/ Positive)

The credit rating in respect of short term bank loan, short term debt and fixed deposits continues to remain the same i.e. CRISIL A1+ for short term bank loan and short term debt and FAAA/Stable for fixed deposits.

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