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20 Sep 2022 07:00
AXIS/CO/CS/312/2022-23
September 19, 2022
Dear Sir(s),
SUB: Rating Action by ICRA LIMITED - [ICRA]AA+ (Stable) assigned to Basel III Tier I bonds; ratings reaffirmed
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 assigned /reaffirmed rating for various debt 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 | 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 |
1,925.00 |
- | [ICRA]AAA (Stable); reaffirmed and withdrawn |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7 | Basel III Tier I Bonds | 7,000.00 | - | [ICRA]AA+ (Stable); reaffirmed and withdrawn |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 |
The rating rationale letter of ICRA Limited received by the Bank on September 19, 2022 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/9307Z_1-2022-9-19.pdf
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