Credit Rating Agency, ICRA has assigned the rating of AAA to the Rs 3,000 crore Infrastructure bonds/debentures programme of Axis Bank.
The rating agency has rating of AAA (hybrid) outstanding on Rs. 16,350 crore of Basel III Complaint Tier II bonds programme. It has also rating of AAA outstanding on Rs. 14,205 crore infrastructure bonds programme and Rs. 5,925 crore Lower Tier II bonds programme.
Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.
