ICRA reaffirms Ratings for Yes Bank

Yes Bank Ltd has announced that ICRA Ltd has reaffirmed its ratings of the Bank as follows:

1. A1+ (pronounced A one plus) Credit Rating for the Certificate of Deposits Programme. It covers Deposits of the Bank amounting to Rs 3,000 crore (previously Rs 2,250 crore). This rating is the highest-credit-quality rating assigned by ICRA for the short-term.

2. LA+ (pronounced LA plus) Credit Rating for the Upper Tier 2 Bond programme of Rs 280 crore. This rating indicates the adequate-credit-quality rating assigned by ICRA.

3. LAA- (pronounced L double A minus) Credit Rating for the Subordinated Debt programme of Rs 180 crore. This rating indicates the highest-credit-quality rating assigned by ICRA.

Source : Equity Bulls

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