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AXBA Axis Bank 144a

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Name Symbol Market Type
Axis Bank 144a LSE:AXBA London Depository Receipt
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  0.00 0.00% 0 -

Axis Bank Limited Credit Rating - S&P Global Ratings

05/06/2024 7:00am

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:

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

 

 

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 rns@lseg.com or visit www.rns.com.

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