Yes Bank releases upgraded ratings by CARE

Yes Bank on Tuesday released revised ratings on its financial instruments by agency, CARE.

Yes Bank on Tuesday released revised ratings on its financial instruments by agency, CARE.

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Additional Tier I Bonds (Basel III) – ‘Withdrawn’.”

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