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Credit Rating - Moody's

2nd Sep 2024 07:00

RNS Number : 4074C
Axis Bank Limited
30 August 2024
 

 

 

 

 

 

AXIS/CO/CS/318/2024-25

 

August 30, 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/4074C_1-2024-8-30.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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