Yes Bank announced that Moody's Investors Service (Moody's) upgraded the Bank's long-term foreign currency issuer and foreign currency senior unsecured MTN program ratings to Caa1 from Caa3 and (P)Caa1 from (P)Caa3 respectively.
In addition, Moody's has confirmed the bank's long-term foreign and local currency bank deposit ratings at Caa1. Moody's has also confirmed the bank's long-term domestic and foreign currency Counterparty Risk Rating (CRR) and long-term Counterparty Risk Assessment (CR Assessment) at Caa1 and Caa1(cr) respectively.
Lastly, Moody's has affirmed Yes Bank's Baseline Credit Assessment (BCA) and adjusted BCA at ca.
The rating outlook is positive. Today's rating action concludes the review with direction uncertain that was initiated on Yes Bank's ratings on 06 March 2020.
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