Yes Bank shares gain nearly 4% after ratings upgrade
4 years, 5 months ago

Yes Bank shares gain nearly 4% after ratings upgrade

Live Mint  

Shares of Yes Bank on Tuesday gained nearly 4% after Moody's Investors Service said it has upgraded the company's long-term foreign currency issuer rating by a notch. Moody's Investors Service on Monday said it has upgraded Yes Bank's long-term foreign currency issuer rating by a notch to 'B3' from 'Caa1' after a ₹15,000-crore capital raising. "Moody's has upgraded the bank's long-term foreign and local currency bank deposit ratings to B3 from Caa1, and its foreign currency senior unsecured MTN programme rating to B3 from Caa1," it said. Giving rationale for rating action, the rating agency said Yes Bank's successful equity capital raise of ₹15,000 crore has bolstered its solvency and is the main driver of the ratings upgrade.

History of this topic

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4 years, 1 month ago
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4 years, 2 months ago
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4 years, 4 months ago
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4 years, 5 months ago
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5 years, 1 month ago
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5 years, 1 month ago
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5 years, 1 month ago
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5 years, 2 months ago
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5 years, 2 months ago
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5 years, 2 months ago
Moody's Downgrades Yes Bank's Long-term Foreign Currency Issuer Rating
5 years, 4 months ago
Moody's downgrades Yes Bank's long-term foreign currency issuer rating
5 years, 4 months ago
Yes Bank slips three spots to 10th on most valuable lender rankings
5 years, 8 months ago

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