Rating action by CARE Ratings
Source: RNS
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
Singapore Stock Exchange
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.
