Bajaj Auto Credit Limited Secures ICRA AAA Ratings for Rs 7,750 Crore Facilities

Bajaj Auto Limited announced that ICRA Limited assigned and reaffirmed top-tier [ICRA]AAA (Stable) ratings to its wholly owned subsidiary Bajaj Auto Credit Limited's debt instruments.

The ratings cover Rs 2,000 crore non-convertible debentures and Rs 750 crore subordinated bonds/debt (both reaffirmed), plus newly assigned Rs 5,000 crore long-term bank lines, totaling Rs 7,750 crore exposure.

The AAA rating signifies highest credit quality with lowest risk and stable outlook, reflecting BACL's strong financial position and parent support.

Shares of Bajaj Auto Limited was last trading in BSE at Rs. 9812.65 as compared to the previous close of Rs. 9809.35. The total number of shares traded during the day was 8088 in over 2192 trades.

The stock hit an intraday high of Rs. 9883.25 and intraday low of 9695.95. The net turnover during the day was Rs. 79323689.00.

Source : Equity Bulls

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