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").Β
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This is to inform you that, credit rating agency Fitch Ratings has affirmed Bank's Long-Term Issuer DefaultΒ RatingΒ (IDR)Β atΒ 'BB+'Β withΒ NegativeΒ OutlookΒ andΒ itsΒ ViabilityΒ RatingΒ (VR)Β atΒ 'bb'.Β FitchΒ Ratings has also assigned the Bank a Government Support Rating (GSR) ofΒ 'bb+'.
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TheΒ ratingΒ rationaleΒ letterΒ ofΒ FitchΒ RatingsΒ receivedΒ byΒ theΒ BankΒ onΒ NovemberΒ 29,Β 2021Β isΒ attached herewith.Β
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http://www.rns-pdf.londonstockexchange.com/rns/0064U_1-2021-11-30.pdf
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YouΒ areΒ requestedΒ toΒ takeΒ noteΒ ofΒ aboveΒ andΒ arrangeΒ toΒ bringΒ itΒ toΒ theΒ noticeΒ ofΒ allΒ concerned. ThankingΒ 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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