Yes Bank credit ratings upgraded by ICRA

Ratings placed on watch with developing implications

Yes Bank has received ratings upgrade from ICRA as under -

Basel III Compliant Tier II Bond Programme (Rs 10900 crore) - [ICRA]BB(hyb)&; upgraded from [ICRA]D(hyb) and placed on Rating Watch with Developing implications

Basel II Compliant Lower Tier II Bond Programme (Rs 2230 crore) - [ICRA]BB+&; upgraded from [ICRA]D and placed on Rating Watch with Developing Implications

Basel II Compliant Upper Tier II Bond Programme (Rs 1344 crore) - [ICRA]BB&; upgraded from [ICRA]D and placed on Rating Watch with Developing Implications

Basel II Compliant Tier I Bond Programme (Rs 307 crore) - [ICRA]D; reaffirmed

Infrastructure Bond Programme (Rs 7030 crore) - [ICRA]BB+&; upgraded from [ICRA]D and placed on Rating Watch with Developing Implications

Basel III Compliant Additional Tier I Bond Programme (Rs 10800 crore) - [ICRA]D (hyb); reaffirmed

Short-term Fixed Deposit Programme - [ICRA]A4+&; upgraded from [ICRA]D and placed on Rating Watch with Developing Implications

Certificates of Deposit Programme (Rs 20000 crore) - [ICRA]A4+&; upgraded from [ICRA]D and placed on Rating Watch with Developing Implications

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