Axis Bank receives ratings action from India Ratings

Axis Bank announced that India Ratings and Research (Ind-Ra) has assigned Axis Bank's Basel III Tier II Bonds and Infrastructure Bonds IND AAA/Stable and has affirmed other ratings.

Long term issuer rating - IND AAA
Short term issuer rating - IND A1+
Basel III Compliant Tier 2 bonds - IND AAA/ Stable
Basel III AT 1 bonds - IND AA+/ Stable

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