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) |
|
|
|
|
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
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