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RATING ACTION BY FITCH RATINGS

21st Oct 2022 14:57

RNS Number : 7609D
Axis Bank Limited
21 October 2022
 

 

 

 

 

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 Viability Rating (VR) at 'bb' and its Government Support Rating (GSR) of '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/7609D_1-2022-10-21.pdf

 

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