Credit rating agency, ICRA has upgraded rating of Bajaj Finance's Non Convertible Debentures (NCDs) to ‘AAA (Stable)’ from ‘AA+’. The rating agency has also upgraded rating of the company’s Subordinate Debt to ‘AAA (Stable)’ from ‘AA+’. Further, the rating agency has reaffirmed the Commercial paper Programme rating of the company at ‘A1+’ and Fixed Deposits Programme rating at ‘MAAA (Stable)’.
Bajaj Finance is a non-banking finance company offers lending and allied services to consumers, small and medium enterprises, commercial establishments and to the rural segments.
