Rating action by CARE Ratings

RNS Number : 1105G

Axis Bank Limited

27 September 2024

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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.

END

MSCQKOBKOBKDPCB