REG - Axis Bank Ltd Axis Bank Ltd (144A) - Fitch Ratings Action

Axis BankAnnouncement

30/11/2021 07:00

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RNS Number : 0064U  Axis Bank Limited  30 November 2021

AXIS/CO/CS/454/2021-22

 

November 30, 2021

 

Dear Sir(s)

 

SUB: FITCH RATINGS ACTION.

 

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

 

This is to inform you that, credit rating agency Fitch Ratings has affirmed
Bank's Long-Term Issuer
Default Rating (IDR) at 'BB+' with Negative Outlook and its Viability Rating (VR) at 'bb'. Fitch Ratings
has also assigned the Bank a Government Support Rating (GSR) of 'bb+'.

 

The rating rationale letter of Fitch Ratings received by the Bank on November 29, 2021 is attached
herewith.

 

http://www.rns-pdf.londonstockexchange.com/rns/0064U_1-2021-11-30.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/0064U_1-2021-11-30.pdf)

 

You are requested to take note of above and arrange to bring it to the notice of all concerned.
Thanking You.

Yours sincerely,

 

For Axis Bank Limited

 

Puneet Sharma

President & Chief Financial Officer

 

 

 

 

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