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Last checked at 
13 Mar 2023 13:56
AXIS/CO/CS/591/2022-23
March 13, 2023
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 reaffirmed rating for various 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 | 33,480.00 | 33,480.00 | [ICRA]AAA (Stable); reaffirmed |
2 | Basel III Tier II Bonds | 23,580.00 | 23,580.00 | [ICRA]AAA (Stable); reaffirmed |
3 | Basel II Lower Tier II Bonds | 2,500.00 | - | [ICRA]AAA (Stable); reaffirmed and withdrawn |
4 | Basel III Tier I Bond | 3,000.00 | 3,000.00 | [ICRA]AA+ (Stable); reaffirmed |
5 | Certificates of Deposit | 60,000.00 | 60,000.00 | [ICRA]A1+;reaffirmed |
6 | Fixed Deposit | - | - | [ICRA]AAA (Stable); reaffirmed |
The rating rationale letter of ICRA Limited received by the Bank on March 13, 2023 is attached herewith.
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
Sandeep Poddar
Company Secretary
Encl.: As above
http://www.rns-pdf.londonstockexchange.com/rns/7862S_1-2023-3-13.pdf
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