Credit Rating Action

RNS Number : 2680L

Axis Bank Limited

12 May 2022

AXIS/CO/CS/79/2022-23

May 12, 2022

Dear Sir(s),

SUB: RATING ACTION BY INDIA RATINGS AND RESEARCH.

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

This is to inform you that credit rating agency India Ratings and Research (Ind-Ra) has affirmed Axis Bank Limited's Long-Term Issuer Rating at 'IND AAA' with a Stable Outlook and Short-Term Issuer Rating at 'IND A1+'.

The instrument wise rating action along with rationale letter issued by India Ratings and Research dated May 11, 2022 is enclosed 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/2680L_1-2022-5-12.pdf

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