Rating agency, ICRA has downgraded Yes Bank’s domestic long term ratings of Senior Debt Instruments to ‘AA’ from ICRA ‘AA+’ of and Subordinate Debt Instruments to ‘AA-’ from ‘AA’. The ratings remain on watch with negative implications.
CARE Ratings has also downgraded the bank’s domestic ratings of Senior Debt Instruments to ‘AA+’ from ‘AAA’ and Subordinate Debt Instruments to ‘AA’ from ‘AA+’. The ratings remain on credit watch with developing implications.
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.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
