30 Nov 2021 07:00
AXIS/CO/CS/454/2021-22
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November 30, 2021
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Dear Sir(s)
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SUB: FITCH RATINGS ACTION.
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REF.: REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("LISTING REGULATIONS").Â
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This is to inform you that, credit rating agency Fitch Ratings has affirmed Bank's Long-Term Issuer Default Rating (IDR) at 'BB+' with Negative Outlook and its Viability Rating (VR) at 'bb'. Fitch Ratings has also assigned the Bank a Government Support Rating (GSR) of 'bb+'.
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The rating rationale letter of Fitch Ratings received by the Bank on November 29, 2021 is attached herewith.Â
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http://www.rns-pdf.londonstockexchange.com/rns/0064U_1-2021-11-30.pdf
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You are requested to take note of above and arrange to bring it to the notice of all concerned. Thanking You.
Yours sincerely,
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For Axis Bank Limited
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Puneet Sharma
President & Chief Financial Officer
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