Moody's Investors Service has on 28 August 2019 downgraded Yes Bank's long-term foreign-currency issuer rating to Ba3 from Ba1.
Moody's has also downgraded the bank's long term foreign and local currency bank deposit ratings to Ba3 from Ba1, foreign currency senior unsecured MTN program rating to (P)Ba3 from (P)Ba1, and Baseline Credit Assessment (BCA) and adjusted BCA to b1 from ba2.
The outlook on the bank's ratings, where applicable, is negative.
This rating action concludes the review for downgrade initiated on 11 June 2019.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
