For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230405:nRSE3872Va&default-theme=true
RNS Number : 3872V Axis Bank Limited 04 April 2023
AXIS/CO/CS/15/2023-24
April 4, 2023
Dear Sir(s),
SUB.: RATING ACTION BY CARE RATINGS LIMITED.
REF.: REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE
REQUIREMENTS) REGULATIONS, 2015.
This is to inform you that credit rating agency Care Ratings Limited has
reaffirmed ratings assigned to various debt instruments of Axis Bank Limited
("the Bank") as "CARE AAA; Stable" and has also withdrawn the rating assigned
to lower tier II bonds of the Bank as these are fully redeemed.
A copy of rationale letter issued by Care Ratings Limited dated April 4, 2023
is enclosed herewith.
This is for your information and records.
Thanking you.
With warm regards,
For Axis Bank Limited
Sandeep Poddar
Company Secretary
http://www.rns-pdf.londonstockexchange.com/rns/3872V_1-2023-4-4.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/3872V_1-2023-4-4.pdf)
Encl.: As above
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END MSCBRGDSSXGDGXS