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Axis Bank Ltd (AXB)

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Friday 19 February, 2021

Axis Bank Ltd

ICRA RATINGS ACTION

RNS Number : 8040P
Axis Bank Limited
19 February 2021
 

AXIS/CO/CS/549/2020-21

 

19thFebruary2021

 

Dear Sir(s),

 

SUB.: ICRA RATINGS ACTION.

 

REF.: REGULATION 30 AND 46 (2) OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("LISTING REGULATIONS").

 

This is to inform you that credit rating agency ICRA Limited has reaffirmed [ICRA]AAA (Stable) for Infrastructure Bonds/Debentures, [ICRA]AAA(hyb)(Stable) for Basel III Compliant Tier II Bonds and Lower Tier II Bonds; [ICRA]AA+(hyb)(Stable) for Basel III Compliant Tier I Bonds,  [ICRA]A1+for Certificates of Deposit and MAAA(Stable) for Fixed Deposit.

 

The rating rationale letter of ICRA Limitedreceived by the Bank today, containing the reasons for re-affirmation is attached herewith.

 

http://www.rns-pdf.londonstockexchange.com/rns/8040P_1-2021-2-19.pdf  

 

You are requested to take note of above and arrange to bring it to the notice of all concerned.

 

Thanking You.

 

Yours sincerely,

 

For Axis Bank Limited

 

 

 

Girish V. Koliyote

Company Secretary

Encl.: as above

 

 

 

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