Moody's places Yes Bank's ratings under review for downgrade

Moody's Investors Service has placed Yes Bank's foreign currency issuer rating of Ba3 under review for downgrade.

Moody's has also placed the bank's long-term foreign and local currency bank deposit ratings of Ba3, foreign currency senior unsecured MTN program rating of (P)Ba3, and Baseline Credit Assessment (BCA) and adjusted BCA of b1, long-term Counterparty Risk Assessment (CR Assessment) of Ba2(cr) and long-term domestic and foreign currency counterparty risk rating (CRR) of Ba2 under review for downgrade.

For Yes Bank, IFSC Banking Unit Branch, Moody's has placed the foreign currency senior unsecured MTN program rating of (P)Ba3, senior unsecured debt rating of Ba3, long-term CR Assessment of Ba2(cr), and longterm domestic and foreign currency CRR of Ba2 under review for downgrade.

In addition, Moody's has affirmed the bank's short-term foreign and local currency bank deposit rating of NP, short-term CR Assessment of NP(cr), and short-term domestic and foreign currency CRR of NP. For the IFSC Banking Branch, Moody's has also affirmed the short-term CR Assessment of NP(cr) and short-term domestic and foreign currency CRR of NP.

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