AXIS BANK LTD : S&P ASSIGNS BB- RATING TO ADDITIONAL TIER 1 NOTES

• S&P Global Ratings assigned "BB-" to Axis Bank's Additional Tier 1 Notes issued by its Gift City Branch • The AT1 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

Axis Bank Limited

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