YES BANK'S foreign currency issuer rating downgraded to Ba1 from Baa3 by Moody's Investors Service; Outlook changed to negative
Deepthi | Myequity news | Date : 27-11-2018 17:55:00 IST
YES BANK's foreign currency issuer ratings have today 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.
About YES BANK:
YES BANK, India's fourth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its Top Management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India.