22 Nov 2023 14:22
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AXIS/CO/CS/467/2023-24
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November 22, 2023
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Dear Sir(s),
SUB: Rating Action by CRISIL RATINGS LIMITED
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REF: REGULATION 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("LISTING REGULATIONS").
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This is to inform you that credit rating agency CRISIL Ratings Limited has assigned 'CRISIL AAA/ Stable' fresh ratings to Infrastructure Bonds of the Bank amounting to Rs 5,000 crores and has withdrawn rating to Infrastructure Bonds of the Bank bearing ISIN INE238A08401 amounting to Rs 5,000 crores on account of its maturity. Further, ratings on other debt instruments have been reaffirmed.
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The rating rationale letter of CRISIL Ratings Limited received by the Bank on November 22, 2023, is attached herewith.http://www.rns-pdf.londonstockexchange.com/rns/3632U_1-2023-11-22.pdf
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You are requested to take the above on record and bring this to the notice of all concerned.
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Thanking you.
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Yours sincerely,
For Axis Bank Limited
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Sandeep Poddar
Company Secretary
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Encl.: As above
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CC: London Stock Exchange
Singapore Stock Exchange
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