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Rating Action by CRISIL RATINGS LIMITED

20th Sep 2022 08:48

RNS Number : 9591Z
Axis Bank Limited
20 September 2022
 

AXIS/CO/CS/314/2022-23

 

September 20, 2022

 

Dear Sir(s),

SUB: Rating Action by CRISIL RATINGS LIMITED - 'CRISIL AA+/Stable' assigned to Tier I Bonds (Under Basel III); ratings reaffirmed

 

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 /reaffirmed rating for various debt instruments of Axis Bank Limited ("Bank"), as under:

 

Sr. No.

Instrument

Rating Action

1

Rs. 500 Crore Tier I Bonds (Under Basel III)

CRISIL AA+/Stable (Assigned)

2

Rs. 2500 Crore Tier I Bonds (Under Basel III)

CRISIL AA+/Stable (Reaffirmed)

3

Rs. 3500 Crore Tier I Bonds (Under Basel III)

CRISIL AA+/Stable (Reaffirmed and withdrawn)

4

Rs. 850 Crore Tier II Bonds (Under Basel III)

CRISIL AAA/Stable (Reaffirmed)

5

Rs. 2500 Crore Tier II Bonds (Under Basel III)

CRISIL AAA/Stable (Reaffirmed)

6

Rs. 5000 Crore Tier II Bonds (Under Basel III)

CRISIL AAA/Stable (Reaffirmed)

7

Rs. 2000 Crore Tier II Bonds (Under Basel III)

CRISIL AAA/Stable (Reaffirmed)

8

Rs. 4000 Crore Tier II Bonds (Under Basel III)

CRISIL AAA/Stable (Reaffirmed)

9

Rs. 7500 Crore Infrastructure Bonds

CRISIL AAA/Stable (Reaffirmed)

10

Rs. 6000 Crore Infrastructure Bonds

CRISIL AAA/Stable (Reaffirmed)

11

Rs. 5000 Crore Infrastructure Bonds

CRISIL AAA/Stable (Reaffirmed)

12

Rs. 3000 Crore Infrastructure Bonds

CRISIL AAA/Stable (Reaffirmed)

13

Rs. 3205 Crore Infrastructure Bonds

CRISIL AAA/Stable (Reaffirmed)

14

Rs. 5000 Crore Infrastructure Bonds

CRISIL AAA/Stable (Reaffirmed)

15

Rs.60000 Crore Certificates of Deposits

CRISIL A1+ (Reaffirmed)

 

The rating rationale letter of CRISIL Ratings Limited received by the Bank on September 19, 2022 is attached herewith.

 

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

 

 http://www.rns-pdf.londonstockexchange.com/rns/9591Z_1-2022-9-20.pdf

 

 

 

 

 

 

 

 

 

 

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