8th Apr 2022 17:12
AXIS/CO/CS/17/2022-23
April 8, 2022
Dear Sir(s),
SUB: RATING ACTION BY CARE RATINGS 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 CARE Ratings Limited has reaffirmed rating for various instruments of Axis Bank Limited ("the Bank"), as under:
Sr. No. | Facilities/Instruments | Amount (Rs. crore) | Rating | Rating Action |
1 | Lower Tier II Bonds (BASEL II) | 1,800.00 | CARE AAA; Stable (Triple A; Outlook: Stable) | Reaffirmed |
2 | Lower Tier II Bonds (BASEL II) | 1,000.00 | CARE AAA; Stable (Triple A; Outlook: Stable) | Reaffirmed |
3 | Lower Tier II Bonds (BASEL II) | 1,500.00 | CARE AAA; Stable (Triple A; Outlook: Stable) | Reaffirmed |
4 | Lower Tier II Bonds (BASEL II) | 2,000.00 | CARE AAA; Stable (Triple A; Outlook: Stable) | Reaffirmed |
5 | Lower Tier II Bonds (BASEL II) | 1,500.00 | CARE AAA; Stable (Triple A; Outlook: Stable) | Reaffirmed |
6 | Tier II Bonds (BASEL III) | 3,350.00 | CARE AAA; Stable (Triple A; Outlook: Stable) | Reaffirmed |
7 | Infrastructure Bonds | 8,500.00 | CARE AAA; Stable (Triple A; Outlook: Stable) | Reaffirmed |
| Total Instruments | 19,650.00 (Rs. Nineteen thousand six hundred fifty crore only) |
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The rating rationale letter of Care Ratings Limited dated April 8, 2022 is attached herewith.
http://www.rns-pdf.londonstockexchange.com/rns/8620H_1-2022-4-8.pdf
This is for your information and records.
Thanking you.
With warm regards,
For Axis Bank Limited
Sandeep Poddar
Company Secretary
Encl.: As above
Related Shares:
Axis Bank RegsAxis Bank 144a