Global rating agency, Moody's Investors Service has assigned a (P) Baa3 long-term senior unsecured rating to Yes Bank's $1 billion medium-term note (MTN) program.
Moody's has also assigned a (P) Baa3 rating on the senior unsecured MTN program and stable outlook to Yes Bank's IFSC Banking Unit Branch in Gujarat International Finance Tec-City (GIFT city) in Gandhinagar, Gujarat.
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.