Update on Credit Ratings-Moody’s Investors & ICRA
Source: RNS
YBL/CS/2022-23/Int/16
August 5, 2022
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India International Exchange IFSC Limited 101 First Floor, Hiranandani Signature Tower, GIFT City IFSC - 382355, Gujarat, India |
The Singapore Exchange Securities Trading Limited 2, Shenton Way #19-00 SGX Centre 1, Singapore 068804 |
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The London Stock Exchange 10, Paternoster Square, London, EC4M 7LS |
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Dear Sirs,
Sub.: Update on Credit Ratings by Moody's Investors Service & ICRA
In terms of Regulation 30 of the Indian Listing Regulations, we would like to update on:
1. Press release issued by Moody's Investors Service titled "Moody's upgrades Yes Bank's rating to Ba3 from B2; changes outlook to stable". Summarizing rating action as below:
|
Particulars |
Rating Action |
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Long-Term Foreign Currency Issuer Rating, Long-term (Local and Foreign Currency) Deposit Rating |
Upgraded to Ba3 from B2 (Outlook changed to Stable from Positive) |
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Baseline Credit Assessment (BCA) and Adjusted BCA |
Upgraded to b1 from b3 |
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Senior Unsecured (Foreign Currency) Medium-Term Note Program |
Upgraded to (P) Ba3 from (P) B2 |
2. Press release issued by ICRA titled "Ratings upgraded/reaffirmed; outlook revised to Positive from Stable". Summarizing rating action as below:
|
Instrument |
Rating Action |
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Infrastructure Bond, Basel II - Lower Tier II Bond |
[ICRA]A-(Positive); upgraded from [ICRA]BBB(Stable) and outlook revised to Positive from Stable |
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Basel III - Tier II Bond
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[ICRA]A-(Positive); upgraded from [ICRA]BBB-(Stable) and outlook revised to Positive from Stable |
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Basel II - Tier I Bond, Basel II - Upper Tier II Bond |
[ICRA]BBB+(Positive); upgraded from [ICRA]BB+ and outlook revised to Positive from Stable |
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Basel III - Additional Tier I Bond* |
[ICRA]D; reaffirmed |
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Basel III - Additional Tier I Bond |
[ICRA]BB(Positive); upgraded from [ICRA]C and Positive outlook assigned |
* Was written down as a part of the restructuring of liabilities
We request you to kindly take the same on your record. The press release on ratings and the rationale is enclosed herewith.
The same is also being hosted on the Bank's website at www.yesbank.in
You are requested to take the same on record and acknowledge the receipt.
Thanking you,
Yours faithfully,
For YES BANK LIMITED
Shivanand R. Shettigar
Company Secretary
Encl: As above
http://www.rns-pdf.londonstockexchange.com/rns/1235V_1-2022-8-5.pdf
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