THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL
AXIS/CO/CS/225/2026-27
July 7, 2026
National Stock Exchange of India Limited
Exchange Plaza,
Plot No. C/1, "G" Block
Bandra-Kurla Complex
Bandra (E), Mumbai - 400 051
NSE Symbol: AXISBANK
BSE Limited
P. J. Towers,
Dalal Street
Fort, Mumbai - 400 001
BSE Scrip Code: 532215
Dear Sir/Madam,
SUB.: RATING ACTION BY S&P GOLBAL RATINGS
REF: REGULATION 30 READ WITH SCHEDULE III OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
In furtherance to our letter bearing reference number AXIS/CO/CS/493/2025-26 dated December 26, 2025, we wish to inform you that in relation to the existing Global Medium Term Notes ("GMTN") of Axis Bank Limited (the "Bank"), S&P Global Ratings ("S&P") has assigned "BB-" to the Additional Tier 1 Notes ("AT 1 Notes") issued by Axis Bank, Gift City Branch under the Bank's GMTN programme. The said AT 1 Notes will be consolidated and form a single series with the U.S.$500,000,000 6.875 per cent. Additional Tier 1 Notes issued on June 30, 2026.
The rating rationale letter is attached herewith.
http://www.rns-pdf.londonstockexchange.com/rns/3609L_1-2026-7-7.pdf
This is for your information and records.
Thanking You.
Yours faithfully,
For Axis Bank Limited
Sandeep Poddar
Company Secretary
CC: London Stock Exchange
Singapore Stock Exchange
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