Axis Bank receives affirmation in LT issuer ratings

Axis Bank announced that credit rating agency India Ratings and Research (Ind-Ra) has affirmed the Bank's Long-Term Issuer Rating at 'IND AAA' with a Stable Outlook and Short-Term Issuer Rating at 'IND A1+' . The instrument-wise rating actions are as follows:

Basel III compliant Tier 2 bonds - IND AAA/Stable (affirmed)
Basel III compliant AT1 bonds - IND AA+/ Stable (affirmed)

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