CRISIL revises YES Bank rating outlook to 'Positive', upgrades rating

30 Aug 2022 , 12:41 PM

CRISIL Ratings has upgraded the rating on Tier-II bonds (under Basel III) and Infrastructure Bonds of YES Bank Limited to ‘CRISIL A-‘ from ‘CRISIL BBB+’ and has revised the outlook to ‘Positive’ from ‘Stable’ outlook. CRISIL Ratings has also upgraded the rating on the Rs20,000 crore certificates of deposit (CD) of the bank to ‘CRISIL A1+’ from ‘CRISIL A1’ rating.

According to the rating rationale report, the rating action reflects the expectation of continued improvement in the performance of the elite bank.

For arriving at the ratings, CRISIL Ratings has combined the business and financial risk profiles of the Bank and its owned subsidiaries, because of the majority shareholding, business and financial linkages, and shared brand, the rating agency said.

On Tuesday, at around 12:40 PM, Yes Bank Ltd is currently trading at Rs16.52 per share up by Rs0.31 or 1.91% from its previous closing of Rs16.21 per share on the BSE.

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