YES BANK ratings upgraded to ‘IND AA+’ by India Ratings
after close1 source ↓written by the desknot a recommendation
India Ratings and Research has upgraded YES BANK’s Issuer Rating and bond ratings to ‘IND AA+’ from ‘IND AA-‘, maintaining a Stable Outlook. This upgrade reflects the bank’s strengthened credit profile, driven by improved profitability and asset quality, along with strategic investment from Sumitomo Mitsui Banking Corporation (SMBC).
The positive rating action may enhance investor confidence and could lead to increased trading activity in YES BANK's bonds and equities.
Not investment advice. For informational purposes only.