Last checked at 15 Dec 2021 13:58
AXIS/CO/CS/494/2021-22
December 15, 2021
Dear Sir(s),
SUB: RATING ACTION BY CRISIL 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 CRISIL Ratings Limited has assigned /reaffirmed rating for various debt instruments of Axis Bank Limited ("Bank"), as under:
Sr. No. | Instrument | Rating Action |
1 | Rs.2500 Crore Tier I Bonds (Under Basel III) | CRISIL AA+/Stable (Assigned) |
2 | Rs.7500 Crore Infrastructure Bonds Issue | CRISIL AAA/Stable (Assigned) |
3 | Rs.5000 Crore Infrastructure Bonds Issue | CRISIL AAA/Stable (Reaffirmed) |
4 | Rs.7000 Crore Tier I Bonds (Under Basel III) | CRISIL AA+/Stable (Reaffirmed) |
5 | Rs.4000 Crore Tier II Bonds Issue (Under Basel III) | CRISIL AAA/Stable (Reaffirmed) |
6 | Rs.3205 Crore Infrastructure Bonds Issue | CRISIL AAA/Stable (Reaffirmed) |
7 | Rs.5000 Crore Tier II Bonds Issue (Under Basel III) | CRISIL AAA/Stable (Reaffirmed) |
8 | Rs.2000 Crore Tier II Bonds Issue (Under Basel III) | CRISIL AAA/Stable (Reaffirmed) |
9 | Rs.2500 Crore Tier II Bonds Issue (Under Basel III) | CRISIL AAA/Stable (Reaffirmed) |
10 | Rs.850 Crore Tier II Bonds Issue (Under Basel III) | CRISIL AAA/Stable (Reaffirmed) |
11 | Rs 3000 Crore Infrastructure Bonds Issue | CRISIL AAA/Stable (Reaffirmed) |
12 | Rs.5000 Crore Infrastructure Bonds Issue | CRISIL AAA/Stable (Reaffirmed) |
13 | Rs.6000 Crore Infrastructure Bonds Issue | CRISIL AAA/Stable (Reaffirmed) |
14 | Rs.60000 Crore Certificates of Deposit | CRISIL A1+ (Reaffirmed) |
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The rating rationale letter of CRISIL Ratings Limited received by the Bank on December 15, 2021 is attached herewith.http://www.rns-pdf.londonstockexchange.com/rns/7777V_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