Credit rating agency -- ICRA has reaffirmed Axis Bank’s Infrastructure Bonds/Debentures at ‘AAA’ (Stable). The bank’s Basel III Complaint Tier II Bonds and Lower Tier II Bonds reaffirmed at ‘AAA’ (hyb) (Stable). The rating agency also reaffirmed Basel III Complaint Tier I Bonds at ‘AA+’(hyb) (Stable) and Certificates of Deposit at ‘A1+’.
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.
