Credit Rating

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

 

END