REG - Axis Bank Ltd Axis Bank Ltd (144A) - Rating action by CARE Ratings

Axis BankAnnouncement

27/09/2024 18:30

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RNS Number : 1105G  Axis Bank Limited  27 September 2024

 

 

 

 

 

Dear Sir/Madam,

 

 SUB:  RATING ACTION BY CARE RATINGS
 REF:  REGULATION 30 READ WITH SCHEDULE III OF THE SEBI (LISTING OBLIGATIONS AND
       DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

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        Infrastructure Bonds    5,000.00            CARE AAA; Stable  Reaffirmed
 2        Infrastructure Bonds    3,500.00            CARE AAA; Stable  Reaffirmed
 3        Tier II Bonds           3,350.00            CARE AAA; Stable  Reaffirmed

 

The rating rationale letter of Care Ratings Limited received by the Bank via
email on                    September 27, 2024 is attached
herewith.

 

This is for your information and records.

 

Thanking you.

 

Yours faithfully,

 

For Axis Bank Limited

 

 

 

Sandeep Poddar

Company Secretary

 

Encl.: As above

http://www.rns-pdf.londonstockexchange.com/rns/1105G_1-2024-9-27.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1105G_1-2024-9-27.pdf)

 

CC: London Stock Exchange

        Singapore Stock Exchange

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