CRISIL reaffirms ratings on Axis Bank's debt instruments

16 Dec 2022 , 10:16 AM

CRISIL Ratings has reaffirmed its ‘CRISIL AAA/CRISIL AA+/Stable/CRISIL A1+’ ratings on the debt instruments of Axis Bank Limited.

As per the rating rationale report, the overall ratings continue to reflect the bank’s strong capitalization and strong market position and its comfortable resource profile. These strengths are partly tempered by the average asset quality.

For arriving at its ratings, CRISIL Ratings has combined the business and financial risk profiles of Axis Bank and its subsidiaries.

This is because of majority shareholding, business and financial linkages and shared brand.

At around 10:20 AM, Axis Bank Ltd is currently trading at Rs934 per share down by Rs4.4 or 0.47% from its previous closing of Rs938.40 per share on the BSE.

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