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

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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