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

Capital Market 

Moody's Investors Service has extended its review for downgrade of Yes Bank's Ba1 long-term foreign-currency issuer rating.

Moody's has also extended its review for downgrade of Yes Bank's long-term foreign- and local-currency bank deposit ratings of Ba1, foreign-currency senior unsecured MTN program rating of (P)Ba1, and Baseline Credit Assessment (BCA) and adjusted BCA of ba2.

At the same time, the Bank's Counterparty Risk Assessment (CR Assessment) of Baa3(cr)/P-3(cr) and domestic- and foreign-currency counterparty risk rating (CRR) of Baa3/P-3 also remain under review for downgrade.

For Yes Bank, IFSC Banking Unit Branch, the (P)Ba1 foreign currency senior unsecured MTN program rating and Ba1 senior unsecured debt rating also remain under review for downgrade.

Moody's has also extended its review for downgrade of the IFSC Banking Unit Branch's CR Assessment of Baa3(cr)/ P-3(cr), and domesticand foreign-currency CRR of Baa3/P-3.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 06 2019. 10:04 IST
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