7th Apr 2022 13:26
AXIS/CO/CS/12/2022-23
April 7, 2022
Dear Sir(s),
SUB: RATING ACTION BY CRISIL 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 CRISIL Ratings Limited has reaffirmed rating for various debt instruments of Axis Bank Limited ("the Bank"), as under:
Sr. No. | Instrument | Rating Action |
1 | Rs. 2,500 Crore Tier I Bonds (Under Basel III) | CRISIL AA+/Stable (Reaffirmed) |
2 | Rs. 3,500 Crore Tier I Bonds (Under Basel III) | CRISIL AA+/Stable (Reaffirmed) |
3 | Rs. 850 Crore Tier II Bonds (Under Basel III) | CRISIL AAA/Stable (Reaffirmed) |
4 | Rs. 2,500 Crore Tier II Bonds (Under Basel III) | CRISIL AAA/Stable (Reaffirmed) |
5 | Rs. 5,000 Crore Tier II Bonds (Under Basel III) | CRISIL AAA/Stable (Reaffirmed) |
6 | Rs. 2,000 Crore Tier II Bonds (Under Basel III) | CRISIL AAA/Stable (Reaffirmed |
7 | Rs. 4,000 Crore Tier II Bonds (Under Basel III) | CRISIL AAA/Stable (Reaffirmed) |
8 | Rs. 7,500 Crore Infrastructure Bonds | CRISIL AAA/Stable (Reaffirmed) |
9 | Rs. 6,000 Crore Infrastructure Bonds | CRISIL AAA/Stable (Reaffirmed) |
10 | Rs. 5,000 Crore Infrastructure Bonds | CRISIL AAA/Stable (Reaffirmed) |
11 | Rs. 3,000 Crore Infrastructure Bonds | CRISIL AAA/Stable (Reaffirmed) |
12 | Rs. 3,205 Crore Infrastructure Bonds | CRISIL AAA/Stable (Reaffirmed) |
13 | Rs. 5,000 Crore Infrastructure Bonds | CRISIL AAA/Stable (Reaffirmed) |
14 | Rs. 60,000 Crore Certificate of Deposits | CRISIL A1+ (Reaffirmed) |
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The rating rationale letter of CRISIL Ratings Limited dated April 6, 2022 is attached herewith.
http://www.rns-pdf.londonstockexchange.com/rns/6830H_1-2022-4-7.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