REG - Axis Bank Ltd - Rating Action by CRISIL RATINGS LIMITED

Axis BankAnnouncement

20/09/2022 09:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220920:nRST9591Za&default-theme=true

RNS Number : 9591Z  Axis Bank Limited  20 September 2022

AXIS/CO/CS/314/2022-23

 

September 20, 2022

 

Dear Sir(s),

 

SUB: Rating Action by CRISIL RATINGS LIMITED - 'CRISIL AA+/Stable' assigned to
Tier I Bonds (Under Basel III); ratings reaffirmed

 

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

 

 Sr. No.  Instrument                                      Rating Action
 1        Rs. 500 Crore Tier I Bonds (Under Basel III)    CRISIL AA+/Stable (Assigned)
 2        Rs. 2500 Crore Tier I Bonds (Under Basel III)   CRISIL AA+/Stable (Reaffirmed)
 3        Rs. 3500 Crore Tier I Bonds (Under Basel III)   CRISIL AA+/Stable (Reaffirmed and withdrawn)
 4        Rs. 850 Crore Tier II Bonds (Under Basel III)   CRISIL AAA/Stable (Reaffirmed)
 5        Rs. 2500 Crore Tier II Bonds (Under Basel III)  CRISIL AAA/Stable (Reaffirmed)
 6        Rs. 5000 Crore Tier II Bonds (Under Basel III)  CRISIL AAA/Stable (Reaffirmed)
 7        Rs. 2000 Crore Tier II Bonds (Under Basel III)  CRISIL AAA/Stable (Reaffirmed)
 8        Rs. 4000 Crore Tier II Bonds (Under Basel III)  CRISIL AAA/Stable (Reaffirmed)
 9        Rs. 7500 Crore Infrastructure Bonds             CRISIL AAA/Stable (Reaffirmed)
 10       Rs. 6000 Crore Infrastructure Bonds             CRISIL AAA/Stable (Reaffirmed)
 11       Rs. 5000 Crore Infrastructure Bonds             CRISIL AAA/Stable (Reaffirmed)
 12       Rs. 3000 Crore Infrastructure Bonds             CRISIL AAA/Stable (Reaffirmed)
 13       Rs. 3205 Crore Infrastructure Bonds             CRISIL AAA/Stable (Reaffirmed)
 14       Rs. 5000 Crore Infrastructure Bonds             CRISIL AAA/Stable (Reaffirmed)
 15       Rs.60000 Crore Certificates of Deposits         CRISIL A1+ (Reaffirmed)

The rating rationale letter of CRISIL Ratings Limited received by the Bank on
September 19, 2022 is attached herewith.

 

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

 

 

 

Sandeep Poddar

Company Secretary

 

Encl.: As above

 

 http://www.rns-pdf.londonstockexchange.com/rns/9591Z_1-2022-9-20.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9591Z_1-2022-9-20.pdf)

 

 

 

 

 

 

 

 

 

 

 

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  MSCBKKBDOBKKFCB