Rating action by CARE Ratings

Axis Bank Limited

27 September 2024

 

Dear Sir/Madam,        

SUB:	RATING ACTION BY CARE RATINGS
REF:	REGULATION 30 READ WITH SCHEDULE III OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

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                    September 27, 2024 is attached herewith.

This is for your information and records.

Thanking you.

Yours faithfully,

For Axis Bank Limited

Sandeep Poddar

Company Secretary

Encl.: As above

http://www.rns-pdf.londonstockexchange.com/rns/1105G_1-2024-9-27.pdf

CC: London Stock Exchange

        Singapore Stock Exchange

 

END