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Credit Rating

17 Oct 2023 10:00

RNS Number : 3909Q
Axis Bank Limited
17 October 2023
 

 

 

 

 

AXIS/CO/CS/373/2023-24

 

October 17, 2023

 

Dear Sir(s),

SUB: RATING ACTION BY FITCH RATINGS FOR AXIS BANK LIMITED ("BANK")

 

REF: REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

 

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'.

 

The rating action letter received from Fitch is attached herewith.

 

This is for your information and records.

 

Thanking you.

 

With warm regards,

 

For Axis Bank Limited

 

 

 

Sandeep Poddar

Company Secretary

 

Encl.: As above

http://www.rns-pdf.londonstockexchange.com/rns/3909Q_1-2023-10-17.pdf

 

CC: London Stock Exchange

Singapore Stock Exchange

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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