India Ratings downgrades YES Bank
The development comes a day after another rating agency Icra lowered the bank's rating.
By PTI | Updated:
NEW DELHI: India Ratings on Wednesday downgraded YES Bank's long-term ratings to 'IND AA-' with negative outlook.
The development comes a day after another rating agency Icra lowered the bank's rating.
India Ratings has downgraded the bank's long-term ratings, while reaffirming short term rating, YES Bank said in a filing.
Icra downgraded the ratings on its six instruments totalling borrowings over Rs 33,000 crore by the lender.
The bank had also reported its maiden loss of over Rs 1,506 crore in the March quarter, driven by a near ten-fold spike in provisions.
The development comes a day after another rating agency Icra lowered the bank's rating.
India Ratings has downgraded the bank's long-term ratings, while reaffirming short term rating, YES Bank said in a filing.
Icra downgraded the ratings on its six instruments totalling borrowings over Rs 33,000 crore by the lender.
The bank had also reported its maiden loss of over Rs 1,506 crore in the March quarter, driven by a near ten-fold spike in provisions.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
RBI's measures may attract USD 60-70 billion foreign capital, support rupee: India Ratings2026-06-10T12:16:08Z- Asia Rice: India rates ease as supply mounts and rupee falls, Vietnam prices steady2026-03-09T05:43:04Z
- Nomura drops April India rate‑cut call on firmer inflation, RBI 'stealth easing'2026-02-13T07:25:41Z
ADVERTISEMENT
