17 Oct 2023 10:00
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AXIS/CO/CS/373/2023-24
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October 17, 2023
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Dear Sir(s),
SUB: RATING ACTION BY FITCH RATINGS FOR AXIS BANK LIMITED ("BANK")
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REF: REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
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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+'. 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'.
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The rating action letter received from Fitch is attached herewith.
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This is for your information and records.
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Thanking you.
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With warm regards,
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For Axis Bank Limited
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Sandeep Poddar
Company Secretary
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Encl.: As above
http://www.rns-pdf.londonstockexchange.com/rns/3909Q_1-2023-10-17.pdf
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CC: London Stock Exchange
Singapore Stock Exchange
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