Yes Bank receives revision in credit ratings from India Ratings

India Ratings and Research (Ind-Ra) has revised the rating watch on Yes Bank's Long-Term Issuer Rating of 'IND BB-' to Rating Watch Evolving (RWE) from Rating Watch Negative (RWN). The instrument-wise rating actions are given below:

Basel III Tier 2 bonds - IND B+/RWE (Rating Watch revised to Evolving from Negative)

Additional Basel III Tier 1 (AT1) bonds - rating withdrawn

Infrastructure bonds - IND BB-/RWE (Rating Watch revised to Evolving from Negative)

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