Credit rating agency, ICRA has assigned AA- rating with stable outlook to Rs 140 crore IPDI Bonds programme and Rs 60 crore Upper Tier II Bond programme of Yes Bank. Moreover, the bank has ratings outstanding of AA with stable outlook on its Lower Tier II bonds and AA- with stable outlook on its other IPDI bonds and Upper Tier II bonds.
The bank’s IPDI and Upper Tier II Bonds has been assigned one notch lower rating as compared with the AA rating to the Lower Tier II Bonds of the bank, which reflects the specific features of these instruments wherein the debt servicing is additionally linked to meeting the regulatory norms on capitalization and reported profitability.
The private sector lender offers a full-range of client-focused corporate banking services, including working capital finance, specialized corporate finance, trade and transactional services, treasury risk management services, investment banking solutions and liquidity management solutions among others to a highly focused client base.
