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News Details

25/01/2022 19:28

Axis Bank Ltd. - Announcement under Regulation 30 (LODR)-Credit Rating

This is to inform you that credit rating agency S&P Global Ratings has revised the outlook on Axis Bank Limited ('the Bank') to 'positive' from 'stable'. At the same time, S&P Global Ratings has affirmed its 'BB+' long-term and 'B' short-term issuer credit ratings on the Bank.\r\n\r\nS&P Global Ratings has also affirmed the 'BB+' long-term issue rating on the bank's outstanding debt. \r\n\r\nThe rating rationale letter of S&P Global Ratings received by the Bank today is attached herewith. \r\n