10 May 2024 17:00
AXIS/CO/CS/91/2024-25
May 10, 2024
Dear Sir(s),
SUB: | RATING ACTION BY FITCH RATINGS |
REF: | REGULATION 30 AND 51 READ WITH SCHEDULE III OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("LISTING REGULATIONS").
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This is to inform you that the credit rating agency Fitch Ratings has affirmed Axis 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'.
The rating action letter received from Fitch Ratings is attached herewith.http://www.rns-pdf.londonstockexchange.com/rns/0499O_1-2024-5-10.pdf
This is for your information and records.
Thanking you.
Yours faithfully,
For Axis Bank Limited
Sandeep Poddar
Company Secretary
Encl.: As above
Axis Bank Regs (AXB)
Axis Bank 144a (AXBA)