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On September 12, 2024, S&P Global Ratings affirmed Axis Bank Limited's long-term and short-term credit ratings. The long-term rating was set at 'BBB-', the short-term rating at 'A-3', and the rating outlook was maintained at 'positive'.
| Date | 12 Sept 2024 |
| Time | 11:04:01 |
| Category | Miscellaneous |
| ID | 9723D |
AXIS/CO/CS/347/2024-25
September 12, 2024
Dear Sir/Madam,
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SUB: |
RATING ACTION BY S&P GLOBAL RATINGS |
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REF: |
REGULATION 30 AND 51 READ WITH SCHEDULE III OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
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This is to inform you that the credit rating agency S&P Global Ratings has affirmed the long-term and short-term ratings for Axis Bank Limited at 'BBB-' and 'A-3', respectively.
The rating outlook has been maintained at 'positive'.
The rating action letter received from S&P Global Ratings is attached herewith.
http://www.rns-pdf.londonstockexchange.com/rns/9723D_1-2024-9-12.pdf
This is for your information and records.
Thanking you.
Yours faithfully,
For Axis Bank Limited
Sandeep Poddar
Company Secretary