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

Axis BankAnnouncement

13/03/2023 14:00

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RNS Number : 7862S  Axis Bank Limited  13 March 2023

 

 

AXIS/CO/CS/591/2022-23

 

March 13, 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 reaffirmed
rating for various instruments of Axis Bank Limited ("Bank") as under:

 

 Sr.  Instrument                       Previous Rated         Current Rated             Rating Action

 No                                    Amount (Rs. Crore)     Amount (Rs. Crore)
 1    Infrastructure Bonds/Debentures        33,480.00              33,480.00            ICRA AAA (Stable); reaffirmed
 2    Basel III Tier II Bonds               23,580.00             23,580.00              ICRA AAA (Stable); reaffirmed
 3    Basel II Lower Tier II Bonds            2,500.00                    -              ICRA AAA (Stable); reaffirmed and withdrawn
 4    Basel III Tier I Bond                 3,000.00               3,000.00              ICRA AA+ (Stable); reaffirmed
 5    Certificates of Deposit              60,000.00              60,000.00              ICRA A1+;reaffirmed
 6    Fixed Deposit                    -                      -                          ICRA AAA (Stable); reaffirmed

 

The rating rationale letter of ICRA Limited received by the Bank on March 13,
2023 is attached herewith.

 

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

 

http://www.rns-pdf.londonstockexchange.com/rns/7862S_1-2023-3-13.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/7862S_1-2023-3-13.pdf)

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