Moody's Investors Service (Moody's) has upgraded Yes bank’s long-term foreign currency issuer and foreign currency senior unsecured MTN program ratings to Caa1 from Caa3 and (P) Caa1 from (P) Caa3 respectively.
In addition, Moody's has confirmed the bank's long-term foreign and local currency bank deposit ratings at Caa1. Moody's has also confirmed the bank's long-term domestic and foreign currency Counterparty Risk Rating (CRR) and long-term Counterparty Risk Assessment (CR Assessment) at Caa1 and Caa1 (cr) respectively. Lastly, Moody's has affirmed Yes Bank's Baseline Credit Assessment (BCA) and adjusted BCA at ca. The rating outlook is positive.
Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.
