S-;P Global Ratings revise outlook of Bajaj Finance to ‘Positive' from ‘Stable'; Stock climbs ~2%

31 Mar 2022 , 10:15 AM

S&P Global Ratings have on March 30, 2022, revised the credit rating outlook of Bajaj Finance Limited to ‘Positive’ from ‘Stable’ while reaffirming the Long Term Rating at ‘BB+’ and Short Term Rating at ‘B’.

The credit rating agency on June 27, 2020, had downgraded the credit rating of the Company from Long term rating of ‘BBB-/Negative’ and Short-term rating of ‘A-3’ to Long term rating of ‘BB+/Stable’ and Short-term rating of ‘B’.

At around 10.17 am, Bajaj Finance Ltd was trading at Rs7,385.40 per share up by Rs131.4 or 1.81% from its previous closing of Rs7,254 per share on the BSE.