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Rating Action By Crisil Ratings Limited

15th Dec 2021 13:58

RNS Number : 7777V
Axis Bank Limited
15 December 2021
 

AXIS/CO/CS/494/2021-22

 

December 15, 2021

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

 

Sr. No.

Instrument

Rating Action

1

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

CRISIL AA+/Stable (Assigned)

2

Rs.7500 Crore Infrastructure Bonds Issue

CRISIL AAA/Stable (Assigned)

3

Rs.5000 Crore Infrastructure Bonds Issue

CRISIL AAA/Stable (Reaffirmed)

4

Rs.7000 Crore Tier I Bonds (Under Basel III)

CRISIL AA+/Stable (Reaffirmed)

5

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

CRISIL AAA/Stable (Reaffirmed)

6

Rs.3205 Crore Infrastructure Bonds Issue

CRISIL AAA/Stable (Reaffirmed)

7

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

CRISIL AAA/Stable (Reaffirmed)

8

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

CRISIL AAA/Stable (Reaffirmed)

9

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

CRISIL AAA/Stable (Reaffirmed)

10

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

CRISIL AAA/Stable (Reaffirmed) 

11

Rs 3000 Crore Infrastructure Bonds Issue

CRISIL AAA/Stable (Reaffirmed)

12

Rs.5000 Crore Infrastructure Bonds Issue

CRISIL AAA/Stable (Reaffirmed)

13

Rs.6000 Crore Infrastructure Bonds Issue

CRISIL AAA/Stable (Reaffirmed)

14

Rs.60000 Crore Certificates of Deposit

CRISIL A1+ (Reaffirmed)

 

 

The rating rationale letter of CRISIL Ratings Limited received by the Bank on December 15, 2021 is attached herewith.http://www.rns-pdf.londonstockexchange.com/rns/7777V_1-2021-12-15.pdf

 

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

 

 

Puneet Sharma

President & chief Financial Officer

Encl.: As above

 

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END
 
 
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