Yes Bank gets revision in ratings from ICRA and CARE

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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