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Credit Rating

24th Mar 2023 14:32

RNS Number : 2040U

Axis Bank Limited

24 March 2023

AXIS/CO/CS/616/2022-23

March 24, 2023

Dear Sir(s),

SUB: RATING ACTION BY S&P GLOBAL RATINGS.

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

This is to inform you that credit rating agency S&P Global Ratings has reaffirmed credit rating for Axis Bank Limited as 'BBB-/Stable/A-3. A copy of rationale letter issued by S&P Global Ratings dated March 23, 2023 is enclosed herewith.

This is for your information and records.

Thanking you.

With warm regards,

For Axis Bank Limited

Sandeep Poddar

Company Secretary

http://www.rns-pdf.londonstockexchange.com/rns/2040U_1-2023-3-24.pdf

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