Credit Rating

Axis Bank Limited
17 October 2023
 

 

 

 

 

AXIS/CO/CS/373/2023-24

 

October 17, 2023

 

Dear Sir(s),      

       

SUB: RATING ACTION BY FITCH RATINGS FOR AXIS BANK LIMITED ("BANK")

 

REF: REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

 

This is to inform you that credit rating agency Fitch Ratings has affirmed Bank's Long-Term Issuer Default Rating (IDR) at 'BB+'. The Outlook is 'Stable'. Fitch Ratings has also affirmed the Bank's Government Support Rating (GSR) at 'bb+ and its 'Viability Rating (VR) at 'bb'.

 

The rating action letter received from Fitch is attached herewith.

 

This is for your information and records.

 

Thanking you.

 

With warm regards,

 

For Axis Bank Limited

 

 

 

Sandeep Poddar

Company Secretary

 

Encl.: As above

http://www.rns-pdf.londonstockexchange.com/rns/3909Q_1-2023-10-17.pdf

 

CC: London Stock Exchange

        Singapore Stock Exchange

 

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