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Credit Rating

7th Dec 2022 13:49

RNS Number : 9496I

Axis Bank Limited

07 December 2022

AXIS/CO/CS/432/2022-23

December 7, 2022

Dear Sir(s),

SUB: Rating Action by CRISIL 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 CRISIL Ratings Limited has assigned 'CRISIL AAA/Stable' rating to Rs. 3775 crore on Infrastructure Bonds of Axis Bank Limited ("Bank") and reaffirmed its 'CRISIL AAA/CRISIL AA+/Stable/CRISIL A1+' ratings on the other debt instruments of the Bank.

The rating rationale letter of CRISIL Ratings Limited received by the Bank on December 7, 2022 is attached herewith.

http://www.rns-pdf.londonstockexchange.com/rns/9496I_1-2022-12-7.pdf

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

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