Yes Bank receives upgrade in LT issuer ratings

Yes Bank has received an upgrade in credit ratings from India Ratings and Research. The Bank's Long-Term Issuer Rating has been revised to 'IND A-' from 'IND BBB' and Outlook assigned as Stable. The instrument-wise rating actions are as follows:

Infrastructure Bonds - Upgraded to IND A-/ Stable from IND BBB/ Stable.

Basel III Tier 2 Bonds - Upgraded to IND BBB+/ Stable from IND BBB- / Stable

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