Moody’s Upgrades Yes Bank’s Rating to Ba2, Outlook Changed to Stable
Global credit rating agency Moody’s Ratings has upgraded Yes Bank’s long-term foreign and local currency bank deposit ratings to Ba2 from Ba3, citing a gradual improvement in the bank’s credit profile. Key Factors Behind the Upgrade Market Reaction & Future Outlook With stronger financial buffers and improved asset quality, Yes Bank’s credit profile continues to…
