Credit rating agency, CARE has reaffirmed AA rating to Yes bank’s lower tier II bonds worth Rs 3534.90 crore. The rating agency has also reaffirmed ‘AA-’ rating to the bank’s upper tier II bonds worth Rs 2402.60 crore. Further, the rating agency has reaffirmed ‘AA-’ rating to the bank’s perpetual bonds worth Rs 526 crore.
The bank has received the said rating on the back of its healthy profitability and the operational efficiency, comfortable capital adequacy parameters along with its ability to raise the capital at regular intervals to support its business growth and good asset quality
Yes Bank, 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.
