15th Dec 2021 13:46
AXIS/CO/CS/486/2021-22
December 15, 2021
Dear Sir(s),
SUB: RATING ACTION BY ICRA 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 ICRA Limited has assigned /reaffirmed rating for various debt instruments of Axis Bank Limited ("Bank"), as under:
Sr. No. | Instrument | Previous Rated Amount(Rs. crore) | Current Rated Amount(Rs. crore) | Rating Action |
1 | Infrastructure Bonds/Debentures | 22,205.00 | 22,205.00 | [ICRA]AAA (Stable); reaffirmed |
2 | Infrastructure Bonds/Debentures | - | 7,500.00 | [ICRA]AAA (Stable); assigned |
3 | Basel III Compliant Tier II Bonds | 16,350.00 | 16,350.00 | [ICRA]AAA (Stable); reaffirmed |
4 | Lower Tier II Bonds | 4,425.00 | 4,425.00 | [ICRA]AAA (Stable); reaffirmed |
5 | Lower Tier II Bonds | 1,500.00 | - | [ICRA]AAA (Stable); reaffirmed and withdrawn |
6 | Basel III Compliant Tier I Bonds | 7,000.00 | 7,000.00 | [ICRA]AA+ (Stable); reaffirmed |
7 | Basel III Compliant Tier I Bonds | - | 2,500.00 | [ICRA]AA+ (Stable); assigned |
8 | Certificates of Deposit | 60,000.00 | 60,000.00 | [ICRA]A1+; reaffirmed |
9 | Fixed Deposit | - | - | MAAA (Stable); reaffirmed |
The rating rationale letter of ICRA Limited received by the Bank on December 15, 2021 is attached herewith.http://www.rns-pdf.londonstockexchange.com/rns/7769V_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
Related Shares:
Axis Bank RegsAxis Bank 144a