Fitch Ratings Action

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCFDISMSEFSELF

Date	30 Nov 2021
Time	07:00:02
Category	Miscellaneous
ID	0064U

Date	30 Nov 2021
Time	07:00:02
Category	Miscellaneous
ID	0064U

t

Company Information

RNS Metadata

Company Information

RNS Metadata

Fitch Ratings Action