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Company Announcements

Axis Bank Ltd, Axis Bank Ltd

RATING ACTION BY CRISIL RATINGS LIMITED

Source: RNS
RNS Number : 6830H
Axis Bank Limited
07 April 2022
 

AXIS/CO/CS/12/2022-23

 

April 7, 2022

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

 

Sr. No.

Instrument

Rating Action

1

Rs. 2,500 Crore Tier I Bonds (Under Basel III)

CRISIL AA+/Stable (Reaffirmed)

2

Rs. 3,500 Crore Tier I Bonds (Under Basel III)                      

CRISIL AA+/Stable (Reaffirmed)

3

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

CRISIL AAA/Stable (Reaffirmed)

4

Rs. 2,500 Crore Tier II Bonds (Under Basel III)                     

CRISIL AAA/Stable (Reaffirmed)

5

Rs. 5,000 Crore Tier II Bonds (Under Basel III)                     

CRISIL AAA/Stable (Reaffirmed)

6

Rs. 2,000 Crore Tier II Bonds (Under Basel III)                     

CRISIL AAA/Stable (Reaffirmed

7

Rs. 4,000 Crore Tier II Bonds (Under Basel III)                      

CRISIL AAA/Stable (Reaffirmed)

8

Rs. 7,500 Crore Infrastructure Bonds                                   

CRISIL AAA/Stable (Reaffirmed)

9

Rs. 6,000 Crore Infrastructure Bonds                                   

CRISIL AAA/Stable (Reaffirmed)

10

Rs. 5,000 Crore Infrastructure Bonds                                   

CRISIL AAA/Stable (Reaffirmed)

11

Rs. 3,000 Crore Infrastructure Bonds                                   

CRISIL AAA/Stable (Reaffirmed)

12

Rs. 3,205 Crore Infrastructure Bonds                                   

CRISIL AAA/Stable (Reaffirmed)

13

Rs. 5,000 Crore Infrastructure Bonds                                   

CRISIL AAA/Stable (Reaffirmed)

14

Rs. 60,000 Crore Certificate of Deposits                               

CRISIL A1+ (Reaffirmed)

 

 

The rating rationale letter of CRISIL Ratings Limited dated April 6, 2022 is attached herewith.

 

http://www.rns-pdf.londonstockexchange.com/rns/6830H_1-2022-4-7.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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