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Fitch Ratings Action

30th Nov 2021 07:00

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

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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