REG - Axis Bank Ltd - Credit Rating

Axis BankAnnouncement

22/11/2023 14:30

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RNS Number : 3632U  Axis Bank Limited  22 November 2023

 

 

AXIS/CO/CS/467/2023-24

 

November 22, 2023

 

Dear Sir(s),

 

SUB: Rating Action by CRISIL RATINGS 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' 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Bank amounting to Rs 5,000 crores and has withdrawn rating to Infrastructure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 CRISIL Ratings Limited received by the Bank on
November 22, 2023, is attached herewith.

http://www.rns-pdf.londonstockexchange.com/rns/3632U_1-2023-11-22.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/3632U_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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