Credit rating agency, CARE has reaffirmed ‘AA+’ rating to Yes Bank’s Infrastructure bonds worth Rs 2500 crore and ‘AA+‘ rating to the company’s Lower Tier II Bonds worth Rs 3534.90 crore. The rating agency has also reaffirmed ‘AA’ rating to the company’s Perpetual Bonds worth Rs 526 crore and ‘AA’ rating to the company’s Upper Tier II Bonds worth Rs 2402.60 crore.
CARE has rated the aforesaid Upper Tier II Bonds and Perpetual Bonds (Basel II) after taking into consideration their increased sensitiveness to the bank’s Capital Adequacy Ratio (CAR), capital raising ability and profitability during the long tenure of the instruments.
Yes Bank, India’s fifth largest private sector Bank, has a pan India presence across all 29 states and 7 Union Territories of India.
