20 Sep 2022 08:48
AXIS/CO/CS/314/2022-23
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September 20, 2022
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Dear Sir(s),
SUB: Rating Action by CRISIL RATINGS LIMITED - 'CRISIL AA+/Stable' assigned to Tier I Bonds (Under Basel III); ratings reaffirmed
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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 /reaffirmed rating for various debt instruments of Axis Bank Limited ("Bank"), as under:
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Sr. No. | Instrument | Rating Action |
1 | Rs. 500 Crore Tier I Bonds (Under Basel III) | CRISIL AA+/Stable (Assigned) |
2 | Rs. 2500 Crore Tier I Bonds (Under Basel III) | CRISIL AA+/Stable (Reaffirmed) |
3 | Rs. 3500 Crore Tier I Bonds (Under Basel III) | CRISIL AA+/Stable (Reaffirmed and withdrawn) |
4 | Rs. 850 Crore Tier II Bonds (Under Basel III) | CRISIL AAA/Stable (Reaffirmed) |
5 | Rs. 2500 Crore Tier II Bonds (Under Basel III) | CRISIL AAA/Stable (Reaffirmed) |
6 | Rs. 5000 Crore Tier II Bonds (Under Basel III) | CRISIL AAA/Stable (Reaffirmed) |
7 | Rs. 2000 Crore Tier II Bonds (Under Basel III) | CRISIL AAA/Stable (Reaffirmed) |
8 | Rs. 4000 Crore Tier II Bonds (Under Basel III) | CRISIL AAA/Stable (Reaffirmed) |
9 | Rs. 7500 Crore Infrastructure Bonds | CRISIL AAA/Stable (Reaffirmed) |
10 | Rs. 6000 Crore Infrastructure Bonds | CRISIL AAA/Stable (Reaffirmed) |
11 | Rs. 5000 Crore Infrastructure Bonds | CRISIL AAA/Stable (Reaffirmed) |
12 | Rs. 3000 Crore Infrastructure Bonds | CRISIL AAA/Stable (Reaffirmed) |
13 | Rs. 3205 Crore Infrastructure Bonds | CRISIL AAA/Stable (Reaffirmed) |
14 | Rs. 5000 Crore Infrastructure Bonds | CRISIL AAA/Stable (Reaffirmed) |
15 | Rs.60000 Crore Certificates of Deposits | CRISIL A1+ (Reaffirmed) |
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The rating rationale letter of CRISIL Ratings Limited received by the Bank on September 19, 2022 is attached herewith.
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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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 http://www.rns-pdf.londonstockexchange.com/rns/9591Z_1-2022-9-20.pdf
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