Credit Rating

Axis Bank Limited
03 October 2023
 

 

 

 

AXIS/CO/CS/347/2023-24

 

October 3, 2023

 

Dear Sir(s),           

       

SUB: RATING ACTION BY CARE 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 CARE Ratings Limited has reaffirmed rating for various instruments of Axis Bank Limited ("the Bank"), as under:

 

Sr. No.

Facilities/Instruments

Amount (Rs. crore)

Rating

Rating Action

1

Infrastructure Bonds

5,000.00

CARE AAA; Stable

Reaffirmed

2

Infrastructure Bonds

3,500.00

CARE AAA; Stable

Reaffirmed

3

Tier II Bonds

3,350.00

CARE AAA; Stable

Reaffirmed

 




The rating rationale letter of Care Ratings Limited received by the Bank via email on October 3, 2023 is attached herewith.

 http://www.rns-pdf.londonstockexchange.com/rns/5267O_1-2023-10-3.pdf

This is for your information and records.

 

Thanking you.

 

With warm regards,

 

For Axis Bank Limited

 

 

 

 

Sandeep Poddar

Company Secretary

 

Encl.: As above

 

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