RATING ACTION BY FITCH RATINGS

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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Date	21 Oct 2022
Time	14:57:47
Category	Miscellaneous
ID	7609D

Date	21 Oct 2022
Time	14:57:47
Category	Miscellaneous
ID	7609D

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RATING ACTION BY FITCH RATINGS