REG - Axis Bank Ltd - Credit Rating

Axis BankAnnouncement

07/12/2022 14:00

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RNS Number : 9496I  Axis Bank Limited  07 December 2022

 

 

AXIS/CO/CS/432/2022-23

 

December 7, 2022

 

Dear Sir(s),

 

SUB: Rating Action by CRISIL 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 CRISIL Ratings Limited has
assigned 'CRISIL AAA/Stable' rating to Rs. 3775 crore on Infrastructure Bonds
of Axis Bank Limited ("Bank") and reaffirmed its 'CRISIL AAA/CRISIL
AA+/Stable/CRISIL A1+' ratings on the other debt instruments of the Bank.

 

The rating rationale letter of CRISIL Ratings Limited received by the Bank on
December 7, 2022 is attached herewith.

http://www.rns-pdf.londonstockexchange.com/rns/9496I_1-2022-12-7.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9496I_1-2022-12-7.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

 

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