Credit rating agency, ICRA has assigned AA- rating to Rs 140 crore Perpetual Bonds of Yes bank. The bank has received the said rating on the back of its healthy profitability and operational efficiency, comfortable capital adequacy parameters along with its ability to raise capital at regular intervals to support its business growth and good asset quality.
Recently, the rating agency assigned AA- rating with stable outlook to 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 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.
