REG - Axis Bank Ltd Axis Bank Ltd (144A) - Credit Rating - Fitch Ratings

Axis BankAnnouncement

10/05/2024 17:00

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RNS Number : 0499O  Axis Bank Limited  10 May 2024

 

 

 

 

 

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").

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
(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

 

 

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