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NETSECURE

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Credit Ratings

Domestic Ratings

Fitch India Axis Bank Ratings
Subordinated Lower Tier II Debt AAA(Ind)
Perpetual Tier I AA+(Ind)
Unsecured Subordinated Upper Tier II AA+(Ind)
Support Rating 3
Individual Rating C
Outlook Stable
ICRA Ltd. Axis Bank Ratings
Certificate of Deposits A1+
Subordinated Bond LAAA
Upper Tier II Bonds LAA+
Hybrid Tier I LAA+
Outlook Stable
CRISIL Axis Bank Ratings
Certificate of Deposits P1+
CARE Ratings Axis Bank Ratings
Subordinated Tier II Bonds AAA


International Ratings

Moody's Rating Axis Bank Ratings
Bank Fundamental Strength Rating C-
Axis Bank's GLC Deposit Ratings Baa2/P-2
Foreign Currency Deposit Rating Ba1
Foreign Currency Senior unsecured Debt Baa2
Foreign Currency Junior Subordinated Debt Ba1
Foreign Currency Perpetual hybrid Tier I Debt Ba2
Subordinated Debt (Lower Tier 2) Baa3
Outlook Stable
USCP Prime-1
Standard & Poor's Axis Bank Ratings
Bank Fundamental Strength Rating C
Counterparty Credit Rating Long Term BBB-
Counterparty Credit Rating Short Term A-3
Senior Unsecured Notes BBB-
Lower Tier II Subordinated Notes BB+
Upper Tier II Subordinated Notes BB
Hybrid Tier I Junior Subordinated Notes BB
Outlook Stable
USCP A-1
Fitch Ratings Axis Bank Ratings
Long Term Foreign Currency Issuer Default Rating BBB-
Short Term Foreign Currency Issuer Default Rating F3
Foreign Currency Senior Debt BBB-
Foreign Currency Subordinated Lower Tier II BB+
Foreign Currency Upper Tier II BB-
Foreign Currency Perpetual Tier I Bond BB-
Support Rating Floor BB+
Support Rating 3
Outlook Stable
Capital Intelligence Axis Bank Ratings
Sovereign Long Term BBB-
Sovereign Short Term A3
Sovereign Outlook Stable
Foreign Currency Long Term BBB-
Foreign Currency Short Term A3
Foreign Currency Outlook Stable
Financial Strength BBB+
Financial Strength Outlook Positive
Support 3