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Company Announcements

Axis Bank Ltd, Axis Bank Ltd

RATING ACTION BY CARE RATINGS LIMITED

Source: RNS
RNS Number : 8620H
Axis Bank Limited
08 April 2022
 

AXIS/CO/CS/17/2022-23

 

April 8, 2022

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

Lower Tier II Bonds (BASEL II)

1,800.00

CARE AAA; Stable

(Triple A; Outlook: Stable)

Reaffirmed

2

Lower Tier II Bonds (BASEL II)

1,000.00

CARE AAA; Stable

(Triple A; Outlook: Stable)

Reaffirmed

3

Lower Tier II Bonds (BASEL II)

1,500.00

CARE AAA; Stable

(Triple A; Outlook: Stable)

Reaffirmed

4

Lower Tier II Bonds (BASEL II)

2,000.00

CARE AAA; Stable

(Triple A; Outlook: Stable)

Reaffirmed

5

Lower Tier II Bonds (BASEL II)

1,500.00

CARE AAA; Stable

(Triple A; Outlook: Stable)

Reaffirmed

6

Tier II Bonds (BASEL III)

3,350.00

CARE AAA; Stable

(Triple A; Outlook: Stable)

Reaffirmed

7

Infrastructure Bonds

8,500.00

CARE AAA; Stable

(Triple A; Outlook: Stable)

Reaffirmed

 

Total Instruments

19,650.00

(Rs. Nineteen thousand six hundred fifty crore only)

 

 

 

 

 

 

The rating rationale letter of Care Ratings Limited dated April 8, 2022 is attached herewith.

 

http://www.rns-pdf.londonstockexchange.com/rns/8620H_1-2022-4-8.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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