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.
