Credit rating agency -- Moody's has upgraded Yes Bank's long-term foreign currency issuer rating and long-term foreign and local currency bank deposit ratings to ‘B2’ from ‘B3’.
Moody's has also changed the outlook on Yes Bank's ratings where applicable to positive from stable, reflecting Moody's expectation of a further improvement to the bank's credit profile, driven by a cleanup of legacy stressed assets and/or improvements to its capital and profitability.
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.
