REG - Axis Bank Ltd Axis Bank Ltd (144A) - Rating action by India Ratings and Research

Axis BankAnnouncement

01/10/2024 17:45

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RNS Number : 5366G  Axis Bank Limited  01 October 2024

 

 

 

Dear Sir/Madam,

 

 SUB:  RATING ACTION BY INDIA RATINGS AND RESEARCH
 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 India Ratings and Research has
affirmed rating for various instruments of Axis Bank Limited ("the Bank"), as
under.

 

 Sr. No.  Facilities/Instruments      Amount (Rs. billion)  Rating           Rating Action
 1        Long-Term Issuer Rating     -                     IND AAA; Stable  Affirmed
 2        Fixed deposits (FD)         -                     IND AAA; Stable  Affirmed
 3        Basel-III compliant Tier 2  220.00                IND AAA; Stable  Affirmed

          bonds
 4        Infrastructure bonds^       100.00                IND AAA; Stable  Affirmed
 5        Basel III AT1 bonds ^       35.00                 IND AA+; Stable  Affirmed

^ Yet to be issued

 

The rating rationale letter of India Ratings and Research received by the Bank
via email on October 1, 2024 is attached herewith.

http://www.rns-pdf.londonstockexchange.com/rns/5366G_1-2024-10-1.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/5366G_1-2024-10-1.pdf)

 

This is for your information and records.

 

Thanking you.

 

Yours faithfully,

 

For Axis Bank Limited

 

 

 

Sandeep Poddar

Company Secretary

 

Encl.: As above

CC: London Stock Exchange

        Singapore Stock Exchange

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