REG - Axis Bank Ltd Axis Bank Ltd (144A) - Rating action by ICRA Limited

Axis BankAnnouncement

15/12/2021 13:50

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RNS Number : 7769V  Axis Bank Limited  15 December 2021

AXIS/CO/CS/486/2021-22

 

December 15, 2021

Dear Sir(s),

 

SUB: RATING ACTION BY ICRA 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 ICRA Limited has assigned
/reaffirmed rating for various debt instruments of Axis Bank Limited ("Bank"),
as under:

 

 Sr. No.  Instrument                         Previous Rated Amount  Current Rated Amount  Rating Action

(Rs. crore)
(Rs. crore)
 1        Infrastructure Bonds/Debentures    22,205.00              22,205.00              ICRA AAA (Stable); reaffirmed
 2        Infrastructure Bonds/Debentures    -                      7,500.00               ICRA AAA (Stable); assigned
 3        Basel III Compliant Tier II Bonds  16,350.00              16,350.00              ICRA AAA (Stable); reaffirmed
 4        Lower Tier II Bonds                4,425.00               4,425.00               ICRA AAA (Stable); reaffirmed
 5        Lower Tier II Bonds                1,500.00               -                      ICRA AAA (Stable); reaffirmed and withdrawn
 6        Basel III Compliant Tier I Bonds   7,000.00               7,000.00               ICRA AA+ (Stable); reaffirmed
 7        Basel III Compliant Tier I Bonds   -                      2,500.00               ICRA AA+ (Stable); assigned
 8        Certificates of Deposit            60,000.00              60,000.00              ICRA A1+; reaffirmed
 9        Fixed Deposit                      -                      -                     MAAA (Stable); reaffirmed

 

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

http://www.rns-pdf.londonstockexchange.com/rns/7769V_1-2021-12-15.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/7769V_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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