REG - Axis Bank Ltd Axis Bank Ltd (144A) - RATING ACTION BY CARE RATINGS LIMITED

Axis BankAnnouncement

08/04/2022 17:15

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RNS Number : 8620H  Axis Bank Limited  08 April 2022

AXIS/CO/CS/17/2022-23

 

April 8, 2022

Dear Sir(s),

 

SUB: RATING ACTION BY CARE 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 CARE Ratings Limited has
reaffirmed rating for various instruments of Axis Bank Limited ("the Bank"),
as under:

 

 Sr. No.  Facilities/Instruments          Amount (Rs. crore)                                     Rating                        Rating Action
 1        Lower Tier II Bonds (BASEL II)  1,800.00                                               CARE AAA; Stable              Reaffirmed

                                                                                                 (Triple A; Outlook: Stable)
 2        Lower Tier II Bonds (BASEL II)  1,000.00                                               CARE AAA; Stable              Reaffirmed

                                                                                                 (Triple A; Outlook: Stable)
 3        Lower Tier II Bonds (BASEL II)  1,500.00                                               CARE AAA; Stable              Reaffirmed

                                                                                                 (Triple A; Outlook: Stable)
 4        Lower Tier II Bonds (BASEL II)  2,000.00                                               CARE AAA; Stable              Reaffirmed

                                                                                                 (Triple A; Outlook: Stable)
 5        Lower Tier II Bonds (BASEL II)  1,500.00                                               CARE AAA; Stable              Reaffirmed

                                                                                                 (Triple A; Outlook: Stable)
 6        Tier II Bonds (BASEL III)       3,350.00                                               CARE AAA; Stable              Reaffirmed

                                                                                                 (Triple A; Outlook: Stable)
 7        Infrastructure Bonds            8,500.00                                               CARE AAA; Stable              Reaffirmed

                                                                                                 (Triple A; Outlook: Stable)
          Total Instruments               19,650.00

                                          (Rs. Nineteen thousand six hundred fifty crore only)

The rating rationale letter of Care Ratings Limited dated April 8, 2022 is
attached herewith.

 

http://www.rns-pdf.londonstockexchange.com/rns/8620H_1-2022-4-8.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/8620H_1-2022-4-8.pdf)

 

This is for your information and records.

 

Thanking you.

 

With warm regards,

 

For Axis Bank Limited

 

 

 

Sandeep Poddar

Company Secretary

Encl.: As above

 

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