Last checked at 21 Feb 2024 13:25
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").
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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