Moody’s downgrades Yes Bank’s foreign currency issuer ratings
Moody’s Investors Service has downgraded Yes Bank’s foreign currency issuer ratings to ‘Ba1’ from ‘Baa3’. The outlook, where applicable, has been changed to negative from stable. At the same time, Moody’s has affirmed the bank’s counterparty risk assessment (CR Assessment) of Baa3 (cr)/P-3 (cr) and domestic and foreign currency counterparty risk rating (CRR) of Baa3/P-3. … Read more