Axis Bank - LT FCR Outlook Revised to Positive; Ratings Affirmed

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on the Long-Term Foreign Currency Rating (LT FCR) of Axis Bank Ltd (ABL) to Positive from Stable, reflecting an expected improvement in CI Ratings' internal assessment of sovereign credit risk and the high likelihood of extraordinary support from the government in the event of need.

Attachments

• Rating Announcement (CRA)
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