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Credit Rating

13th Mar 2023 13:56

RNS Number : 7862S
Axis Bank Limited
13 March 2023
 

 

 

AXIS/CO/CS/591/2022-23

 

March 13, 2023

 

Dear Sir(s),

SUB: Rating Action by ICRA 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 ICRA Limited has reaffirmed rating for various instruments of Axis Bank Limited ("Bank") as under:

 

Sr.

No

Instrument

Previous Rated

Amount (Rs. Crore)

Current Rated

Amount (Rs. Crore)

Rating Action

1

Infrastructure Bonds/Debentures

33,480.00

33,480.00

[ICRA]AAA (Stable); reaffirmed

2

Basel III Tier II Bonds

23,580.00

23,580.00

[ICRA]AAA (Stable); reaffirmed

3

Basel II Lower Tier II Bonds

2,500.00

-

[ICRA]AAA (Stable); reaffirmed and withdrawn

4

Basel III Tier I Bond

3,000.00

3,000.00

[ICRA]AA+ (Stable); reaffirmed

5

Certificates of Deposit

60,000.00

60,000.00

[ICRA]A1+;reaffirmed

6

Fixed Deposit

-

-

[ICRA]AAA (Stable); reaffirmed

 

The rating rationale letter of ICRA Limited received by the Bank on March 13, 2023 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/7862S_1-2023-3-13.pdf

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END
 
 
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