Yes Bank on Tuesday released revised ratings on its financial instruments by agency, CARE.
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The Mumbai based private lender stated in its BSE regulatory filing.
“Infrastructure Bond – Revised from ‘CARE B Under Credit watch with Developing Implications’ to ‘CARE BBB; Stable’.
Lower Tier II Bonds – Revised from ‘CARE B Under Credit watch with Developing Implications’ to ‘CARE BBB; Stable’.
Tier II Bonds (Basel III) – Revised from ‘CARE C Under Credit watch with Developing Implications’ to ‘CARE BBB; Stable’.
Upper Tier II Bonds – Revised from ‘CARE D’ to ‘CARE BB+; Stable’.
Perpetual Bonds (Basel II) – Revised from ‘CARE D’ to ‘CARE BB+; Stable’.
Additional Tier I Bonds (Basel III) – ‘Withdrawn’.”
