Moody's Assigns Baa3 Rating with Stable Outlook to Axis Bank Global Medium Term Notes
Axis Bank Ltd received a significant credit rating action from Moody's Investors Service concerning its Global Medium Term Notes (GMTN) and specific debt obligations issued under the GIFT City International Banking Unit (IBU). Moody's assigned a Baa3 rating with a stable outlook to the notes.The rating concerns pertain to various instruments issued by Axis Bank, including Senior Notes generated through the GMTN programme. The rationale letter detailing this assignment has been provided by the bank.
Separately, regarding a specific debt issuance, Moody's also assessed the USD 300,000,000 Fixed Rate (5.348%) Senior Unsecured Notes due June 30, 2031, Series 10 issued under the Axis Bank Limited through its GIFT City IBU.
The specified obligation received a Baa3 Rating and a Stable Outlook from Moody's Ratings, based on the Pricing Supplement dated June 23, 2026. This specific note was part of the larger issuance made under the USD 5,000,000,000 Global Medium Term Note Programme by Axis Bank Limited through its GIFT City IBU.
The details of the rated obligations are summarized below:
| Issuer | Program/Obligation Type | Rating Assigned by Moody's | Outlook |
|---|---|---|---|
| AXIS Bank Ltd | Senior Notes under GMTN Programme (Gift City Branch) | Baa3 | Stable |
| Axis Bank Limited (via GIFT City IBU) | USD 300,000,000 Fixed Rate Senior Unsecured Notes due June 30, 2031 (Series 10) | Baa3 | Stable |
The rating from Moody's is subject to revision or withdrawal at any time.
AXISBANK Stock Price Movement
As of 10:05 AM, shares of Axis Bank Limited are edging higher to ₹1365 as trading continues, climbing 0.11% in response to market activity. The stock sees a volume of 785,926 shares traded so far into the live market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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