Credit Rating - Moody's

Axis Bank Limited

30 August 2024

 

AXIS/CO/CS/318/2024-25

August 30, 2024

Dear Sir(s),      

SUB:	RATING ACTION BY MOODY'S INVESTORS SERVICE
REF:	REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("LISTING REGULATIONS").

This is to inform you that credit rating agency Moody's Investors Service ("Moody's") has affirmed Axis Bank Limited's ("the Bank's") Baa3 long term deposit rating and the Bank's baa3 Baseline Credit Assessment (BCA) and Adjusted BCA. Further, the outlook on the ratings is maintained at Stable.

The rating rationale letter of Moody's is attached herewith.

http://www.rns-pdf.londonstockexchange.com/rns/4074C_1-2024-8-30.pdf 

This is for your information and records.

Thanking you.

Yours faithfully,

For Axis Bank Limited

Sandeep Poddar

Company Secretary

Encl.: As above

 

END