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Fitch rates Axis Bank notes BBB-
Fitch Ratings said it assigned Axis Bank Ltd.'s proposed foreign-currency senior notes an expected rating of BBB-.
The proposed issuance is in addition to the $500 million senior notes issued by the bank in March under its medium-term notes program, according to the agency.
The long-term foreign-currency issuer default rating is BBB-.
The outlook is negative.
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