Announced Wed, 24 Jun · 09:36 IST
Moody's assigns Baa3 rating with stable outlook to Axis Bank's USD 300M notes
AXISBANK · price
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Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹1358.10
prior close
₹1367.70
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.0-0.2-0.1+1.4+0.9-0.4+0.6+0.1-1.4-3.7-9.5——
Up moveDown movePending
AI summary
Moody's assigned a Baa3 investment grade rating with stable outlook to Axis Bank's USD 300 million senior unsecured notes (5.348 percent, due June 2031) issued through its Gift City branch under the USD 5 billion Global Medium Term Note programme. Baa3 is the lowest investment grade tier, and the stable outlook indicates no near term expectation of a rating change.
Likely market impact
Investment grade rating with stable outlook supports Axis Bank's ability to raise overseas funds at competitive rates.