6 Dec 2022 16:43
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AXIS/CO/CS/428/2022-23
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December 6, 2022
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Dear Sir(s),
SUB: RATING ACTION BY INDIA RATINGS AND RESEARCH.
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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 India Ratings and Research (Ind-Ra) has assigned Axis Bank Limited's Basel III Tier II Bonds and Infrastructure Bonds "IND AAA'/Stable; Affirms Other Ratings.
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The instrument wise rating action along with rationale letter issued by India Ratings and Research dated December 6, 2022 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
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Encl.: As above
http://www.rns-pdf.londonstockexchange.com/rns/8095I_1-2022-12-6.pdf