Credit Rating - ICRA

AXIS/CO/CS/468/2023-24

November 22, 2023

Dear Sir(s),

SUB: Rating Action by ICRA Limited

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assigned '[ICRA] AAA (Stable)' fresh ratings to Infrastructure Bonds of the Bank amounting to Rs 5,000 crores and has withdrawn rating to Infrastructure Bonds of the Bank bearing ISIN INE238A08401 amounting to Rs 5,000 crores on account of its maturity.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.

The rating rationale letter of ICRA Limited received by the Bank on November 22, 2023, is attached herewith.

http://www.rns-pdf.londonstockexchange.com/rns/3634U_1-2023-11-22.pdf

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

CC: London Stock Exchange

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