Axis Bank announced that 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.
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