India Ratings assigns Axis Bank's infrastructure bonds 'IND AAA/Stable'

India Ratings assigns Axis Bank's infrastructure bonds 'IND AAA/Stable'

The Basel III AT I bonds were assigned IND AA+/Stable rating.

FPJ Web DeskUpdated: Wednesday, December 07, 2022, 01:07 PM IST
article-image
India Ratings assigns Axis Bank's infrastructure bonds 'IND AAA/Stable' | Representative Image/ File

Axis Bank Limited said in an exchange filing that India Ratings and Research has assigned its Basel III Tier II bonds and infrastructure bonds 'IND AAA/Stable'.

The Basel III AT I bonds were assigned an IND AA+/Stable rating.

Axis Bank, which was earlier known as UTI Bank until August 2007, was established in 1994 by government-owned institutions. The bank's net profit at the end of the financial year 2022 was Rs 7,077 billion.

RECENT STORIES

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

Game-Changing Alliance: Ambani's Reliance Ventures Into Adani's Power For The First Time; Acquires...

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

SRM Contractors IPO Subscribed 86.57 Times On Last Day Of Bidding

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu..."; Here's How To Save...

Tax-Saving Tip From Zerodha CEO Nithin Kamath: 'If You're Married And Hindu...

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

Holy Cities Like Ayodhya, Varanasi Attracting Big Retail Brands: Report

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...

A Big Relief For Byju's: NCLT Rejects Investor Plea To Stay Byju's Rights Issue EGM On March 29 Amid...