REG - Axis Bank Ltd Axis Bank Ltd (144A) - Credit Rating - ICRA

Axis BankAnnouncement

22/11/2023 14:30

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RNS Number : 3634U  Axis Bank Limited  22 November 2023

 

 

AXIS/CO/CS/468/2023-24

 

November 22, 2023

 

Dear Sir(s),

 

SUB: Rating Action by ICRA Limited

 

REF: REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE
REQUIREMENTS) REGULATIONS, 2015 ("LISTING REGULATIONS").

 

This is to inform you that credit rating agency ICRA Limited has assigned
' ICRA  AAA (Stable)' fresh ratings to Infrastructure Bonds of the Bank
amounting to Rs 5,000 crores and has withdrawn rating to Infrastructure Bonds
of the Bank bearing ISIN INE238A08401 amounting to Rs 5,000 crores on account
of its maturity. Further, ratings on other debt instruments have been
reaffirmed.

 

The rating rationale letter of ICRA Limited received by the Bank on November
22, 2023, is attached herewith.

http://www.rns-pdf.londonstockexchange.com/rns/3634U_1-2023-11-22.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/3634U_1-2023-11-22.pdf)

 

You are requested to take the above on record and bring this to the notice of
all concerned.

 

Thanking you.

 

Yours sincerely,

For Axis Bank Limited

 

 

 

Sandeep Poddar

Company Secretary

 

Encl.: As above

 

CC: London Stock Exchange

        Singapore Stock Exchange

 

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