Axis Bank – Bank Standalone Rating Upgraded; FCRs Affirmed

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised Axis Bank's (ABL) Bank Standalone Rating (BSR) to 'bbb-' from 'bb+' and at the same time revised the Outlook on the BSR to Stable from Positive. CI Ratings has also affirmed the Bank's Long-term Foreign Currency Rating (LT FCR) and Short-term Foreign Currency Rating (ST FCR) of 'BBB-' and 'A3', respectively, the Core Financial Strength (CFS) rating at 'bbb', and the Extraordinary Support Level (ESL) at High. The Outlook on the LT FCR remains Stable.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (India, Axis Bank Ltd)
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