Get Live Data

The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

Latest Share Chat

  2. News & RNS
  3. Regulatory News
  4. Credit Rating

Credit Rating

3 Oct 2023 09:54

RNS Number : 5267O
Axis Bank Limited
03 October 2023
 

 

 

 

AXIS/CO/CS/347/2023-24

 

October 3, 2023

 

Dear Sir(s),           

       

SUB: RATING ACTION BY CARE RATINGS 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 CARE Ratings Limited has reaffirmed rating for various instruments of Axis Bank Limited ("the Bank"), as under:

 

Sr. No.

Facilities/Instruments

Amount (Rs. crore)

Rating

Rating Action

1

Infrastructure Bonds

5,000.00

CARE AAA; Stable

Reaffirmed

2

Infrastructure Bonds

3,500.00

CARE AAA; Stable

Reaffirmed

3

Tier II Bonds

3,350.00

CARE AAA; Stable

Reaffirmed

 

The rating rationale letter of Care Ratings Limited received by the Bank via email on October 3, 2023 is attached herewith.

 http://www.rns-pdf.londonstockexchange.com/rns/5267O_1-2023-10-3.pdf

This is for your information and records.

 

Thanking you.

 

With warm regards,

 

For Axis Bank Limited

 

 

 

 

Sandeep Poddar

Company Secretary

 

Encl.: As above

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCGIBDGBUGDGXX

Related Shares

Axis Bank Regs (AXB)
67.40 (-0.60 / -0.88%%)
67.20 - 67.60
Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.