REG - Axis Bank Ltd - Rating action by ICRA Limited

Axis BankAnnouncement

20/09/2022 07:01

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RNS Number : 9307Z  Axis Bank Limited  19 September 2022

AXIS/CO/CS/312/2022-23

 

September 19, 2022

 

Dear Sir(s),

 

SUB: Rating Action by ICRA LIMITED -  ICRA AA+ (Stable) assigned to Basel III
Tier I bonds; 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 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  29,705.00              29,705.00              ICRA AAA (Stable); reaffirmed
 2        Basel III Tier II Bonds          16,350.00              16,350.00              ICRA AAA (Stable); reaffirmed
 3        Basel II Lower Tier II Bonds     2,500.00               2,500.00               ICRA AAA (Stable); reaffirmed
 4        Basel II Lower Tier II Bonds                                                   ICRA AAA (Stable); reaffirmed and withdrawn

                                           1,925.00               -
 5        Basel III Tier I Bonds           2,500.00               2,500.00               ICRA AA+ (Stable); reaffirmed
 6        Basel III Tier I Bonds           -                      500                    ICRA AA+ (Stable); assigned
 7        Basel III Tier I Bonds           7,000.00               -                      ICRA AA+ (Stable); reaffirmed and withdrawn
 8        Certificates of Deposit          60,000.00              60,000.00              ICRA A1+; reaffirmed
 9        Fixed Deposit                    -                      -                      ICRA AAA (Stable); reaffirmed

 

The rating rationale letter of ICRA 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/9307Z_1-2022-9-19.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9307Z_1-2022-9-19.pdf)

 

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