CRISIL reaffirms ratings of Bajaj Finance’s debt instruments and bank facilities

CRISIL reaffirms ratings of Bajaj Finance’s debt instruments and bank facilities

Sep 25,2014   11:13 Hrs IST

Credit rating agency, CRISIL has reaffirmed ‘AA+/Stable/A1+’ ratings on debt instruments and bank facilities of Bajaj Finance. The ratings remained centrally based on the company’s strategic importance to, and the continued support expected from, the Bajaj group. The ratings also factor in the company's healthy capitalisation. The rating strengths are partially offset by the company’s focus on relatively riskier asset segments and the under-seasoned nature of the mortgage loan book. Bajaj Finance is one of the leading financial companies in India. It offers personal loans that are convenient, flexible, quickly processed, have superior features like zero prepayment charges & requires no security with minimum paper work. The company offers personal loans for home renovation, marriage in family, holiday, and medical expenses without providing security or guarantors.