Credit Rating

Axis Bank Limited
21 February 2024
 


 

 

 

 

 

AXIS/CO/CS/631/2023-24

 

February 21, 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/9744D_1-2024-2-21.pdf


This is for your information and records.

 

Thanking you.

 

With warm regards,

 

For Axis Bank Limited

 

 

 

Sandeep Poddar

Company Secretary

 

Encl.: As above

 

CC: London Stock Exchange

        Singapore Stock Exchange



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