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
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