Comments
Private sector lender Yes Bank on Saturday said India Ratings and Research (Ind-Ra) has downgraded its long-term issuer rating to ‘IND A+’.
“India Ratings and Research has downgraded Yes Bank Ltd’s long-term issuer rating to ‘IND A+’ from ‘IND AA-,” the bank said in a BSE filing.
“The outlook is negative. The agency has affirmed the bank’s short-term issuer rating at ‘IND A1+’,” it added.
According to Ind-Ra, ‘IND AA’ rating signifies “high degree of safety” regarding timely servicing of financial obligations, while instruments rated ‘IND A’ have “adequate degree of safety”.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.