ICRA RATINGS ACTION

AXIS/CO/CS/549/2020-21

19thFebruary2021

Dear Sir(s),

SUB.: ICRA RATINGS ACTION.

REF.: REGULATION 30 AND 46 (2) 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 [ICRA]AAA (Stable) for Infrastructure Bonds/Debentures, [ICRA]AAA(hyb)(Stable) for Basel III Compliant Tier II Bonds and Lower Tier II Bonds; [ICRA]AA+(hyb)(Stable) for Basel III Compliant Tier I Bonds, [ICRA]A1+for Certificates of Deposit and MAAA(Stable) for Fixed Deposit.

The rating rationale letter of ICRA Limitedreceived by the Bank today, containing the reasons for re-affirmation is attached herewith.

http://www.rns-pdf.londonstockexchange.com/rns/8040P_1-2021-2-19.pdf 

You are requested to take note of above and arrange to bring it to the notice of all concerned.

Thanking You.

Yours sincerely,

For Axis Bank Limited

Girish V. Koliyote

Company Secretary

Encl.: as above