Axis Bank Limited Credit Rating - S&P Global Ratings
June 05 2024 - 1:00AM
RNS Regulatory News
RNS Number : 1900R
Axis Bank Limited
05 June 2024
AXIS/CO/CS/146/2024-25
May 29, 2024
Dear
Sir/Madam,
|
SUB:
|
RATING ACTION BY S&P
GLOBAL RATINGS
|
|
REF:
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REGULATION 30 AND 51 READ
WITH SCHEDULE III OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE
REQUIREMENTS) REGULATIONS, 2015
|
This is to inform you that the
credit rating agency S&P Global Ratings has revised upward its
assessment of Axis Bank Limited's (the "Bank") stand-alone credit
profile (SCAP) to 'bbb' from 'bbb-'. The long
term and short-term ratings for the Bank have been affirmed at
'BBB-' and 'A-3', respectively.
The rating outlook has also been
revised from 'stable' to 'positive'.
The rating action letter received
from S&P Global Ratings is attached herewith.
http://www.rns-pdf.londonstockexchange.com/rns/1900R_1-2024-6-5.pdf
This is for your information and
records.
Thanking you.
Yours faithfully,
For
Axis Bank Limited
Sandeep Poddar
Company Secretary
Encl.: As above
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