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Last checked at 
20 Sep 2022 07:00
AXIS/CO/CS/312/2022-23
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September 19, 2022
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Dear Sir(s),
SUB: Rating Action by ICRA LIMITED - [ICRA]AA+ (Stable) assigned to Basel III Tier I bonds; 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 ICRA Limited has assigned /reaffirmed rating for various debt instruments of Axis Bank Limited ("Bank"), as under:
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Sr. No. | Instrument | Previous Rated Amount(Rs. crore) | Current Rated Amount(Rs. crore) | Rating Action |
1 | Infrastructure Bonds/Debentures | 29,705.00 | 29,705.00 | [ICRA]AAA (Stable); reaffirmed |
2 | Basel III Tier II Bonds | 16,350.00 | 16,350.00 | [ICRA]AAA (Stable); reaffirmed |
3 | Basel II Lower Tier II Bonds | 2,500.00 | 2,500.00 | [ICRA]AAA (Stable); reaffirmed |
4 | Basel II Lower Tier II Bonds | Ā 1,925.00 | Ā - | [ICRA]AAA (Stable); reaffirmed and withdrawn |
5 | Basel III Tier I Bonds | 2,500.00 | 2,500.00 | [ICRA]AA+ (Stable); reaffirmed |
6 | Basel III Tier I Bonds | - | 500 | [ICRA]AA+ (Stable); assigned |
7 | Basel III Tier I Bonds | 7,000.00 | - | [ICRA]AA+ (Stable); reaffirmed and withdrawn |
8 | Certificates of Deposit | 60,000.00 | 60,000.00 | [ICRA]A1+; reaffirmed |
9 | Fixed Deposit | - | - | [ICRA]AAA (Stable); reaffirmed |
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The rating rationale letter of ICRA 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
Encl.: As above
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http://www.rns-pdf.londonstockexchange.com/rns/9307Z_1-2022-9-19.pdfĀ
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