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Credit Rating

5th Apr 2023 07:00

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ratings assigned to various debt instruments of Axis Bank Limited ("the Bank") as "CARE AAA; Stable" and has also withdrawn the rating assigned to lower tier II bonds of the Bank as these are fully redeemed.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 

Encl.: As above

 

 

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