REG - Axis Bank Ltd Axis Bank Ltd (144A) - Moody's Investors Service Rating Action

Axis BankAnnouncement

31/08/2021 07:06

RNS Number : 1010K
  
Axis Bank Limited
  
30 August 2021
  
 

AXIS/CO/CS/255/2021-22
 
30 August, 2021
 
Dear Sir(s),
 
SUB.: MOODY'S INVESTORS SERVICE RATING ACTION.
 
REF.: REGULATION 30 AND 46 (2) OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("LISTING REGULATIONS").
 
This is to inform you that credit rating agency Moody's Investors Service has assigned B1(hyb) rating to Axis Bank Limited ("Bank"), GIFT City Branch's proposed USD-denominated, undated, non-cumulative and subordinated Additional Tier 1 (AT1) capital securities being issued out of its Global Medium Term Note (GMTN) programme. Moody's Investors Service has also assigned (P)B1 Pref. Stock Non-cumulative program rating to the AT1 capital securities component of its GMTN programme. 
 
The rating rationale letter of Moody's Investors Service received by the Bank today, containing the reasons for rating is attached herewith.  
 
You are requested to take note of above and arrange to bring it to the notice of all concerned.
http://www.rns-pdf.londonstockexchange.com/rns/1010K_1-2021-8-30.pdf
 
Thanking You.
 
Yours sincerely,
 
For Axis Bank Limited
 
 
 
Girish V. Koliyote
Company Secretary 
Encl.: as above 
 

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