RNS Number : 5366G
Axis Bank Limited
01 October 2024
 

 

 

 

Dear Sir/Madam,        

       

SUB:

RATING ACTION BY INDIA RATINGS AND RESEARCH

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 India Ratings and Research has affirmed rating for various instruments of Axis Bank Limited ("the Bank"), as under.

 

Sr. No.

Facilities/Instruments

Amount (Rs. billion)

Rating

Rating Action

1

Long-Term Issuer Rating

-

IND AAA; Stable

Affirmed

2

Fixed deposits (FD)

-

IND AAA; Stable

Affirmed

3

Basel-III compliant Tier 2

bonds

220.00

IND AAA; Stable

Affirmed

4

Infrastructure bonds^

100.00

IND AAA; Stable

Affirmed

5

Basel III AT1 bonds ^

35.00

IND AA+; Stable

Affirmed

^ Yet to be issued

 

The rating rationale letter of India Ratings and Research received by the Bank via email on October 1, 2024 is attached herewith.


http://www.rns-pdf.londonstockexchange.com/rns/5366G_1-2024-10-1.pdf

 

This is for your information and records.

 

Thanking you.

 

Yours faithfully,

 

For Axis Bank Limited

 

 

 

Sandeep Poddar

Company Secretary

 

Encl.: As above

CC: London Stock Exchange

        Singapore Stock Exchange

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