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Brickwork Ratings upgrades rating of Yes Bank’s Perpetual Bonds

09 Dec 2020 Evaluate

Credit rating Agency -- Brickwork Ratings has upgraded rating of Tier I Subordinated Perpetual Bonds (Basel II) of Yes Bank to BWR BB+/ Stable. The rating upgrade factors in improvement in capitalisation ratios of the bank, strong shareholder base and experienced board members.

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.

Peers
Company Name CMP
HDFC Bank 692.10
ICICI Bank 1395.00
Axis Bank 1214.05
Kotak Mahindra Bank 430.10
Indusind Bank 835.00
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