Moody's Investors Service has today downgraded Yes Bank Limited's long term foreign currency issuer rating to B2 from Ba3.
Moody's has also downgraded the bank's long-term foreign and local currency bank deposit ratings to B2 from Ba3, foreign currency senior unsecured MTN program rating to (P)B2 from (P)Ba3, and Baseline Credit Assessment (BCA) and Adjusted BCA to b3 from b1.
The outlook on the bank's ratings, where applicable, is negative.
The rating actions conclude Moody's review for downgrade initiated on 6 November 2019.
Shares of YES BANK LTD. was last trading in BSE at Rs.62.1 as compared to the previous close of Rs. 63.05. The total number of shares traded during the day was 19908604 in over 70922 trades.
The stock hit an intraday high of Rs. 64 and intraday low of 60.8. The net turnover during the day was Rs. 1242335101.