Axis Bank has informed that credit rating agency ICRA has reaffirmed [ICRA] AAA (Stable) for Infrastructure Bonds/ Debentures, [ICRA] AAA (hyb) (Stable) for Basel III Compliant Tier II Bonds and Lower Tier II Bonds; [ICRA] AA+ (hyb) (Stable) for Basel III Compliant Tier I Bonds, [ICRA] A1+ for Certificates of Deposit and MAAA (Stable) for Fixed Deposit. The rating rationale letter of ICRA received by the Bank on 19th February 2021, containing the reasons for re-affirmation is attached.
The above information is a part of company’s filings submitted to BSE.
