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

Axis BankAnnouncement

07/04/2022 13:30

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RNS Number : 6830H  Axis Bank Limited  07 April 2022

AXIS/CO/CS/12/2022-23

 

April 7, 2022

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

 

 Sr. No.  Instrument                                                                    Rating Action
 1        Rs. 2,500 Crore Tier I Bonds (Under Basel III)                                CRISIL AA+/Stable (Reaffirmed)
 2        Rs. 3,500 Crore Tier I Bonds (Under Basel                                     CRISIL AA+/Stable (Reaffirmed)
          III)
 3        Rs. 850 Crore Tier II Bonds (Under Basel                                      CRISIL AAA/Stable (Reaffirmed)
          III)
 4        Rs. 2,500 Crore Tier II Bonds (Under Basel                                    CRISIL AAA/Stable (Reaffirmed)
          III)
 5        Rs. 5,000 Crore Tier II Bonds (Under Basel                                    CRISIL AAA/Stable (Reaffirmed)
          III)
 6        Rs. 2,000 Crore Tier II Bonds (Under Basel                                    CRISIL AAA/Stable (Reaffirmed
          III)
 7        Rs. 4,000 Crore Tier II Bonds (Under Basel III)                               CRISIL AAA/Stable (Reaffirmed)

 8        Rs. 7,500 Crore Infrastructure                                                CRISIL AAA/Stable (Reaffirmed)
          Bonds
 9        Rs. 6,000 Crore Infrastructure                                                CRISIL AAA/Stable (Reaffirmed)
          Bonds
 10       Rs. 5,000 Crore Infrastructure                                                CRISIL AAA/Stable (Reaffirmed)
          Bonds
 11       Rs. 3,000 Crore Infrastructure                                                CRISIL AAA/Stable (Reaffirmed)
          Bonds
 12       Rs. 3,205 Crore Infrastructure                                                CRISIL AAA/Stable (Reaffirmed)
          Bonds
 13       Rs. 5,000 Crore Infrastructure                                                CRISIL AAA/Stable (Reaffirmed)
          Bonds
 14       Rs. 60,000 Crore Certificate of                                               CRISIL A1+ (Reaffirmed)
          Deposits

The rating rationale letter of CRISIL Ratings Limited dated April 6, 2022 is
attached herewith.

 

http://www.rns-pdf.londonstockexchange.com/rns/6830H_1-2022-4-7.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/6830H_1-2022-4-7.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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