REVISION OF CREDIT RATING ASSIGNED BY FITCH RATING

RNS Announcement

RNS Number : 1233B

Axis Bank Limited

04 June 2019

AXIS/CO/CS/238/2019-20

04^th June, 2019

The Chief Manager (Listing & Compliance)

National Stock Exchange of India Limited

Exchange Plaza, 5th Floor

Plot No. C/1, "G" Block

Bandra-Kurla Complex,

Bandra (E),Mumbai - 400 051

NSE Code: AXISBANK

The Deputy General Manager (Listing)

BSE Limited

1^st Floor, New Trading Ring, Rotunda Building

P. J. Towers, Dalal Street

Fort, Mumbai - 400 001

BSE Code: 532215

Dear Sir(s),

SUB: REVISION OF CREDIT RATING ASSIGNED BY FITCH RATINGS

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

This is to inform you that Fitch Ratings has revised the Long term Issuer Default Rating (IDR) from 'BBB-' (Outlook: Negative) to 'BB+' (Outlook: Stable) and Short Term IDR from 'F3' to 'B' of the Bank on 03^rd June, 2019.

The same has been provided as an attachment.

http://www.rns-pdf.londonstockexchange.com/rns/1233B_1-2019-6-4.pdf

You are requested to take note of above and arrange to bring it to the notice of all concerned.

Thanking You.

Yours faithfully,

For Axis Bank Limited,

Girish Koliyote

Company Secretary

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.

END

MSCSSEFLLFUSESM

RNS metadata

Title: REVISION OF CREDIT RATING ASSIGNED BY FITCH RATING
Time: 16:06:25
Date: 4 Jun 2019
Category: Miscellaneous
ID: 1233B