AXIS/CO/CS/592/2022-23
March 14, 2023
Dear Sir(s),
Sub.: Rating Action by CRISIL RATINGS LIMITED
This is to inform you that credit rating agency CRISIL Ratings Limited has reaffirmed its 'CRISIL AAA/CRISIL AA+/Stable/CRISIL A1+' ratings on the debt instruments of the Bank.
The rating rationale letter of CRISIL Ratings Limited received by the Bank on March 14, 2023 is attached herewith.
http://www.rns-pdf.londonstockexchange.com/rns/9491S_1-2023-3-14.pdf
You are requested to take the above on record and bring this to the notice of all concerned.
Thanking you.
With warm regards,
For Axis Bank Limited
Sandeep Poddar
Company Secretary