5 Apr 2023 07:00
AXIS/CO/CS/15/2023-24
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April 4, 2023
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Dear Sir(s),
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SUB.: RATING ACTION BY CARE RATINGS LIMITED.
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REF.: REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.
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This is to inform you that credit rating agency Care Ratings Limited has reaffirmed ratings assigned to various debt instruments of Axis Bank Limited ("the Bank") as "CARE AAA; Stable" and has also withdrawn the rating assigned to lower tier II bonds of the Bank as these are fully redeemed.
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A copy of rationale letter issued by Care Ratings Limited dated April 4, 2023 is enclosed herewith.
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This is for your information and records.
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Thanking you.
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With warm regards,
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For Axis Bank Limited
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Sandeep Poddar
Company Secretary
http://www.rns-pdf.londonstockexchange.com/rns/3872V_1-2023-4-4.pdfΒ
Encl.: As above
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