Moody's assigns B1(hyb) rating for Axis Bank's proposed AT1 bonds

Global Rating company Moody's has assigned B1(hyb) or (B+ in simple rating terminology) grade to private sector lender Axis Bank’s proposed Additional Tier 1 bonds. The rating rank is three notches lower than the bank’s general creditworthiness.

from Markets-Economic Times https://economictimes.indiatimes.com/markets/bonds/moodys-assigns-b1hyb-rating-for-axis-banks-proposed-at1-bonds/articleshow/85775211.cms