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Axis Bank receives revision in outlook to Negative from Moody's

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Last Updated : Apr 04 2020 | 4:50 PM IST
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Axis Bank announced that Moody's has revised the outlook for the Bank from Stable to Negative. Further, it has downgraded the counterparty risk assessment of the Bank to Baa3(cr)/P-3(cr) from Baa2(cr)/ P-2(cr), and the local currency counterparty risk rating of the Bank to Baa3/p-3 from Baa2/P-2.

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