Rating Action by ICRA Ratings Limited

RNS Number : 9557I

Axis Bank Limited

07 December 2022

AXIS/CO/CS/436/2022-23

December 7, 2022

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 [ICRA]AAA (Stable) rating to infrastructure bonds/debentures and Basel III Tier II Bonds, and reaffirmed ratings of other debt instruments of the Bank.

The rating rationale letter of ICRA Limited received by the Bank on December 7, 2022 is attached herewith.

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

Sandeep Poddar

Company Secretary

Encl.: As above

http://www.rns-pdf.londonstockexchange.com/rns/9557I_1-2022-12-7.pdf

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 [email protected] 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

MSCTRBITMTIMBJT