REG - Axis Bank Ltd Axis Bank Ltd (144A) - Rating Action By Crisil Ratings Limited

Axis BankAnnouncement

15/12/2021 14:00

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RNS Number : 7777V  Axis Bank Limited  15 December 2021

AXIS/CO/CS/494/2021-22

 

December 15, 2021

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

 

 Sr. No.  Instrument                                           Rating Action
 1        Rs.2500 Crore Tier I Bonds (Under Basel III)         CRISIL AA+/Stable (Assigned)
 2        Rs.7500 Crore Infrastructure Bonds Issue             CRISIL AAA/Stable (Assigned)
 3        Rs.5000 Crore Infrastructure Bonds Issue             CRISIL AAA/Stable (Reaffirmed)
 4        Rs.7000 Crore Tier I Bonds (Under Basel III)         CRISIL AA+/Stable (Reaffirmed)
 5        Rs.4000 Crore Tier II Bonds Issue (Under Basel III)  CRISIL AAA/Stable (Reaffirmed)
 6        Rs.3205 Crore Infrastructure Bonds Issue             CRISIL AAA/Stable (Reaffirmed)
 7        Rs.5000 Crore Tier II Bonds Issue (Under Basel III)  CRISIL AAA/Stable (Reaffirmed)
 8        Rs.2000 Crore Tier II Bonds Issue (Under Basel III)  CRISIL AAA/Stable (Reaffirmed)
 9        Rs.2500 Crore Tier II Bonds Issue (Under Basel III)  CRISIL AAA/Stable (Reaffirmed)
 10       Rs.850 Crore Tier II Bonds Issue (Under Basel III)   CRISIL AAA/Stable (Reaffirmed)
 11       Rs 3000 Crore Infrastructure Bonds Issue             CRISIL AAA/Stable (Reaffirmed)
 12       Rs.5000 Crore Infrastructure Bonds Issue             CRISIL AAA/Stable (Reaffirmed)
 13       Rs.6000 Crore Infrastructure Bonds Issue             CRISIL AAA/Stable (Reaffirmed)
 14       Rs.60000 Crore Certificates of Deposit               CRISIL A1+ (Reaffirmed)

The rating rationale letter of CRISIL Ratings Limited received by the Bank on
December 15, 2021 is attached herewith.

http://www.rns-pdf.londonstockexchange.com/rns/7777V_1-2021-12-15.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/7777V_1-2021-12-15.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

 

 

Puneet Sharma

President & chief Financial Officer

Encl.: As above

 

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