Axis Bank Ltd.

Credit rating agency -- Fitch Ratings has affirmed India-based Axis Bank's Long-Term Issuer Default Rating (IDR) at 'BB+' with a Negative Outlook and its Viability Rating (VR) at '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.