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On September 27, 2024, credit rating agency CARE Ratings Limited reaffirmed the credit ratings for various instruments of Axis Bank Limited. These reaffirmed instruments include Infrastructure Bonds valued at Rs. 5,000.00 crore and Rs. 3,500.00 crore, and Tier II Bonds valued at Rs. 3,350.00 crore, all receiving a "CARE AAA; Stable" rating.
| Date | 27 Sept 2024 |
| Time | 18:19:50 |
| Category | Miscellaneous |
| ID | 1105G |
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
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