Axis Bank Limited has received a ‘BBB’ rating from S&P Global Ratings for its Senior Notes issued under the Global Medium Term Notes programme. This rating applies to notes from the Gift City Branch and will be consolidated with existing senior notes. The rating reflects the bank’s financial standing and creditworthiness for its debt instruments, providing clarity to investors.
S&P Global Ratings Assigns ‘BBB’ Rating to Axis Bank Senior Notes
Axis Bank Limited announced today that S&P Global Ratings (“S&P”) has assigned a rating of “BBB” to the Senior Notes issued by the Bank’s Gift City Branch. This rating is in relation to the existing Global Medium Term Notes program of Axis Bank.
Details of the Rating
The newly assigned rating of “BBB” pertains to Senior Notes issued from the Gift City Branch under the Bank’s GMTN programme. These notes are set to be consolidated and form a single series with the existing U.S.$300,000,000 5.348 per cent. Senior Notes, which are part of the larger U.S.$5,000,000,000 Global Medium Term Note Programme. This rating action by S&P Global Ratings provides important information regarding the credit quality of these debt instruments.
Context of the Announcement
This announcement is made in furtherance to a previous letter dated December 26, 2025, and is in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The rating rationale letter from S&P Global Ratings is attached for detailed information.
Source: BSE
