Yes Bank announced the following ratings actions -
ICRA has downgraded the domestic long term ratings of Senior Debt Instruments to ICRA AA from ICRA AA +and Subordinate Debt Instruments to ICRA AA- from ICRA AA.
The ratings remain on watch with negative implications.
CARE has downgraded the domestic ratings of Senior Debt Instruments to CARE AA +from CARE AAA and Subordinate Debt Instruments to CARE AA from CARE AA+. The ratings remain on credit watch with developing implications.
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