t
| Date | 15 Dec 2021 |
| Time | 13:46:05 |
| Category | Miscellaneous |
| ID | 7769V |
AXIS/CO/CS/486/2021-22
December 15, 2021
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 /reaffirmed rating for various debt instruments of Axis Bank Limited ("Bank"), as under:
|
Sr. No. |
Instrument |
Previous Rated Amount |
Current Rated Amount |
Rating Action |
|
1 |
Infrastructure Bonds/Debentures |
22,205.00 |
22,205.00 |
[ICRA]AAA (Stable); reaffirmed |
|
2 |
Infrastructure Bonds/Debentures |
- |
7,500.00 |
[ICRA]AAA (Stable); assigned |
|
3 |
Basel III Compliant Tier II Bonds |
16,350.00 |
16,350.00 |
[ICRA]AAA (Stable); reaffirmed |
|
4 |
Lower Tier II Bonds |
4,425.00 |
4,425.00 |
[ICRA]AAA (Stable); reaffirmed |
|
5 |
Lower Tier II Bonds |
1,500.00 |
- |
[ICRA]AAA (Stable); reaffirmed and withdrawn |
|
6 |
Basel III Compliant Tier I Bonds |
7,000.00 |
7,000.00 |
[ICRA]AA+ (Stable); reaffirmed |
|
7 |
Basel III Compliant Tier I Bonds |
- |
2,500.00 |
[ICRA]AA+ (Stable); assigned |
|
8 |
Certificates of Deposit |
60,000.00 |
60,000.00 |
[ICRA]A1+; reaffirmed |
|
9 |
Fixed Deposit |
- |
- |
MAAA (Stable); reaffirmed |
The rating rationale letter of ICRA Limited received by the Bank on December 15, 2021 is attached herewith.
http://www.rns-pdf.londonstockexchange.com/rns/7769V_1-2021-12-15.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
Puneet Sharma
President & Chief Financial Officer
Encl.: As above