Axis Bank Ltd announced that S&P Global Ratings has assigned a rating of BBB to GMTN Senior Notes in the amount of U.S.$300,000,000 issued by its Gift City Branch, consolidating this issuance with existing notes, and has also confirmed a BBB rating for the Issue of U.S.$300,000,000 5.348 per cent. Senior Notes, which will be consolidated and form a single series with the U.S.$300,000,000 5.348 per cent. Senior Notes under the U.S.$5,000,000,000 Global Medium Term Note Programme; S&P Global Ratings further notes that it may assign, raise, lower, suspend, place on CreditWatch, or withdraw ratings, and includes a disclaimer related to liability and termination of agreement, while no rating data was found for other agencies.