Axis Bank Limited

Regulatory Filings • Aug 31, 2021

National Storage Mechanism | Additional information

RNS Number : 1010K

Axis Bank Limited

30 August 2021

AXIS/CO/CS/255/2021-22

30 August, 2021

Dear Sir(s),

SUB.: MOODY'S INVESTORS SERVICE RATING ACTION.

REF.: REGULATION 30 AND 46 (2) OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 ("LISTING REGULATIONS").

This is to inform you that credit rating agency Moody's Investors Service has assigned B1(hyb) rating to Axis Bank Limited ("Bank"), GIFT City Branch's proposed USD-denominated, undated, non-cumulative and subordinated Additional Tier 1 (AT1) capital securities being issued out of its Global Medium Term Note (GMTN) programme. Moody's Investors Service has also assigned (P)B1 Pref. Stock Non-cumulative program rating to the AT1 capital securities component of its GMTN programme.

The rating rationale letter of Moody's Investors Service received by the Bank today, containing the reasons for rating is attached herewith.  

You are requested to take note of above and arrange to bring it to the notice of all concerned.

http://www.rns-pdf.londonstockexchange.com/rns/1010K_1-2021-8-30.pdf

Thanking You.

Yours sincerely,

For Axis Bank Limited

Girish V. Koliyote

Company Secretary

Encl.: as above

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