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Credit Rating

21st Feb 2024 13:25

RNS Number : 9744D

Axis Bank Limited

21 February 2024

AXIS/CO/CS/631/2023-24

February 21, 2024

Dear Sir(s),

SUB:

RATING ACTION BY MOODY'S INVESTORS SERVICE

REF:

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

This is to inform you that credit rating agency Moody's Investors Service ("Moody's") has affirmed Axis Bank Limited's ("the Bank's") Baa3 long term deposit rating and the Bank's baa3 Baseline Credit Assessment (BCA) and Adjusted BCA. Further, the outlook on the ratings is maintained at Stable.

The rating rationale letter of Moody's is attached herewith.

http://www.rns-pdf.londonstockexchange.com/rns/9744D_1-2024-2-21.pdf

This is for your information and records.

Thanking you.

With warm regards,

For Axis Bank Limited

Sandeep Poddar

Company Secretary

Encl.: As above

CC: London Stock Exchange

Singapore Stock Exchange

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END

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