Axis Bank Limited (AXISBANK) — Announcement

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📢 Key Event
S&P assigns BB- to AT1 and BBB to Senior Notes of Axis Bank

🔄 What Changed
BB- rating for AT1 Notes and BBB for Senior Notes newly assigned

💡 Investor Takeaway
Investors should note the new credit ratings but remain aware of potential rating changes without notice

⚠️ Risks
Rating may be suspended, reduced, or withdrawn at S&P's discretion

S&P Global Ratings has assigned a BB- rating to Axis Bank's Additional Tier 1 Notes and BBB to its Senior Notes under the Global Medium Term Notes programme, effective June 24, 2026. The rating reflects credit quality but carries no investment recommendation, subject to S&P's terms and potential withdrawal.

📄 View Original Announcement (PDF)

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