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Fitch Ratings affirms Axis Bank's Long-Term IDR at 'BB+'

30 Nov 2021 Evaluate

Credit rating agency -- Fitch Ratings has affirmed Axis Bank's Long-Term Issuer Default Rating (IDR) at 'BB+' with negative outlook. The agency has also affirmed the bank's Viability Rating (VR) at 'BB'. In line with the updated Bank Rating Criteria, we have assigned Axis a Government Support Rating (GSR) of 'BB+’.

Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.

Peers
Company Name CMP
HDFC Bank 759.95
ICICI Bank 1499.30
Axis Bank 1279.20
Kotak Mahindra Bank 467.45
Indusind Bank 911.00
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