REG - Axis Bank Ltd - Credit Rating

Axis BankAnnouncement

03/10/2023 10:00

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RNS Number : 5267O  Axis Bank Limited  03 October 2023

 

 

 

AXIS/CO/CS/347/2023-24

 

October 3, 2023

 

Dear Sir(s),

 

SUB: RATING ACTION BY CARE 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 CARE Ratings Limited has
reaffirmed rating for various instruments of Axis Bank Limited ("the Bank"),
as under:

 

 Sr. No.  Facilities/Instruments  Amount (Rs. crore)  Rating            Rating Action
 1        Infrastructure Bonds    5,000.00            CARE AAA; Stable  Reaffirmed
 2        Infrastructure Bonds    3,500.00            CARE AAA; Stable  Reaffirmed
 3        Tier II Bonds           3,350.00            CARE AAA; Stable  Reaffirmed

The rating rationale letter of Care Ratings Limited received by the Bank via
email on October 3, 2023 is attached herewith.

 http://www.rns-pdf.londonstockexchange.com/rns/5267O_1-2023-10-3.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/5267O_1-2023-10-3.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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