Yes Bank fell 4.64% to Rs 174.65 at 10:36 IST on BSE after a rating agency downgraded the bank's foreign currency issuer rating and changed outlook to negative.
The announcement was made after market hours yesterday, 27 November 2018.Meanwhile, the S&P BSE Sensex was up 190.78 points, or 0.54% to 35,703.92
On the BSE, 33.66 lakh shares were traded in the counter so far compared with average daily volumes of 52.91 lakh shares in the past two weeks. The stock had hit a high of Rs 181.90 and a low of Rs 172.70 so far during the day. The stock hit a 52-week high of Rs 404 on 20 August 2018. The stock hit a 52-week low of Rs 166.15 on 28 September 2018.
Yes Bank said that the bank's foreign currency issuer ratings have been downgraded to Ba1 from Baa3 by Moody's Investors Service. The outlook, where applicable, has been changed to negative from stable. At the same time, Moody's has affirmed the bank's counterparty risk assessment (CR Assessment) of Baa3(cr)/ P-3(cr) and domestic and foreign currency counterparty risk rating (CRR) of Baa3/ P-3.
Yes Bank's net profit fell 3.79% to Rs 964.70 crore on 43.91% rise in total income to Rs 8704.68 crore in Q2 September 2018 over Q2 September 2017.
Yes Bank is India's fourth largest private sector bank with a pan India presence across all 29 states and 7 Union Territories of India.
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