diff --git a/litellm/router_utils/cooldown_handlers.py b/litellm/router_utils/cooldown_handlers.py
index 81bfac2ad19..39e81e89c01 100644
--- a/litellm/router_utils/cooldown_handlers.py
+++ b/litellm/router_utils/cooldown_handlers.py
@@ -37,6 +37,24 @@ else:
     Span = Any
 
 
+def _is_rate_limit_error(
+    exception_status: Union[str, int],
+) -> bool:
+    """
+    Check if an exception status code indicates a rate limit error (HTTP 429).
+
+    Some OpenAI-like providers registered via providers.json have their HTTP
+    429 responses incorrectly mapped to APIConnectionError by the catch-all
+    exception handler in exception_mapping_utils.py. This helper checks the
+    actual HTTP status code so the cooldown handler can still detect these.
+    """
+    try:
+        status = int(exception_status) if isinstance(exception_status, str) and exception_status else exception_status
+        return status == 429
+    except (ValueError, TypeError):
+        return False
+
+
 def _is_cooldown_required(
     litellm_router_instance: LitellmRouter,
     model_id: str,
@@ -60,6 +78,13 @@ def _is_cooldown_required(
         ):  # don't cooldown on litellm api connection errors errors
             for ignored_string in ignored_strings:
                 if ignored_string in exception_str:
+                    # Don't skip cooldown when the APIConnectionError wraps
+                    # a rate limit (429). Some providers (e.g. those registered
+                    # via providers.json) have their 429 errors mapped to
+                    # APIConnectionError instead of RateLimitError because they
+                    # fall through to the catch-all exception handler.
+                    if _is_rate_limit_error(exception_status):
+                        return True
                     return False
 
         if isinstance(exception_status, str):
diff --git a/tests/router_unit_tests/test_router_cooldown_utils.py b/tests/router_unit_tests/test_router_cooldown_utils.py
index 33640ad8581..8a3351e82f2 100644
--- a/tests/router_unit_tests/test_router_cooldown_utils.py
+++ b/tests/router_unit_tests/test_router_cooldown_utils.py
@@ -469,3 +469,70 @@ def test_should_cooldown_deployment_minimum_request_threshold(testing_litellm_ro
     assert (
         should_cooldown is True
     ), f"Should cooldown when we have {DEFAULT_FAILURE_THRESHOLD_MINIMUM_REQUESTS} failed requests (100% failure rate)"
+
+
+def test_is_cooldown_required_429_wrapped_as_apiconnectionerror():
+    """
+    Test that _is_cooldown_required returns True when a 429 rate limit error
+    is wrapped as an APIConnectionError.
+
+    Regression test for: https://github.com/BerriAI/litellm/issues/24366
+
+    Some OpenAI-like providers (registered via providers.json) have their 429
+    responses mapped to APIConnectionError by the catch-all exception handler.
+    The cooldown handler should still recognize these as rate limit errors and
+    trigger a cooldown.
+    """
+    mock_router = MagicMock()
+    mock_router.allowed_fails = 0
+    mock_router.disable_cooldowns = False
+    mock_router.failed_calls = MagicMock()
+    mock_router.failed_calls.get_cache.return_value = None
+
+    # This is the actual exception string produced when a providers.json
+    # provider returns HTTP 429
+    exception_str = (
+        "litellm.APIConnectionError: ProviderException - "
+        "Error code: 429 - {'error': {'message': 'Rate limit exceeded. "
+        "Retry in 6s.', 'type': 'rate_limit'}}"
+    )
+
+    result = _is_cooldown_required(
+        litellm_router_instance=mock_router,
+        model_id="test-deployment-id",
+        exception_status="429",
+        exception_str=exception_str,
+    )
+
+    assert result is True, (
+        "_is_cooldown_required should return True for 429 errors "
+        "wrapped as APIConnectionError"
+    )
+
+
+def test_is_cooldown_required_genuine_apiconnectionerror():
+    """
+    Test that _is_cooldown_required still returns False for genuine
+    APIConnectionError (no 429 / rate limit indicators).
+    """
+    mock_router = MagicMock()
+    mock_router.allowed_fails = 0
+    mock_router.disable_cooldowns = False
+    mock_router.failed_calls = MagicMock()
+    mock_router.failed_calls.get_cache.return_value = None
+
+    exception_str = (
+        "litellm.APIConnectionError: ProviderException - Connection refused"
+    )
+
+    result = _is_cooldown_required(
+        litellm_router_instance=mock_router,
+        model_id="test-deployment-id",
+        exception_status="",
+        exception_str=exception_str,
+    )
+
+    assert result is False, (
+        "_is_cooldown_required should return False for genuine "
+        "connection errors (no rate limit)"
+    )