Credit rating agency -- India Ratings and Research (Ind-Ra) has revised rating watch on the Yes Bank's long-term issuer rating of BB- to rating watch evolving (RWE) from rating watch negative (RWN). The RWE indicates the possibility of the ratings being either upgraded, downgraded or affirmed.
The revision of the rating watch follows the systemic support the bank has received recently, in terms of both equity and liquidity, from the new set of investors and the regulator for its reconstruction.
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.
