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Rating Action by CARE Ratings

7th Sep 2021 16:12

RNS Number : 0223L
Axis Bank Limited
07 September 2021
 

AXIS/CO/CS/268/2021-22

 

7th September 2021

 

Dear Sir(s),

 

SUB.: CARE 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 CARE Ratings has reaffirmed CARE AAA; Stable (Triple A; Outlook: Stable) rating for Infrastructure Bonds, Lower Tier II and Tier II Bonds.

 

The rating rationale letter of CARE Ratings received by the Bank, containing the reasons for re-affirmation is attached herewith.

 

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

 

http://www.rns-pdf.londonstockexchange.com/rns/0223L_1-2021-9-7.pdf

 

Thanking You.

 

Yours sincerely,

 

For Axis Bank Limited

 

 

 

Girish V. Koliyote

Company Secretary

Encl.: as above

 

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