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    India ratings downgrades Yes Bank, outlook negative

    Synopsis

    "The outlook is negative. The agency has affirmed the bank's short-term issuer rating at 'IND A1+'," it added.

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    Mumbai: Private sector lender Yes Bank on Saturday said India Ratings and Research (Ind-Ra) has downgraded its long-term issuer rating to 'IND A+'.

    "India Ratings and Research has downgraded Yes Bank Ltd's long-term issuer rating to 'IND A+' from 'IND AA-," the bank said in a BSE filing.

    "The outlook is negative. The agency has affirmed the bank's short-term issuer rating at 'IND A1+'," it added.

    According to Ind-Ra, 'IND AA' rating signifies "high degree of safety" regarding timely servicing of financial obligations, while instruments rated 'IND A' have "adequate degree of safety".

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    14 Comments on this Story

    Vinay S417 days ago
    It takes time to recover (under right leadership)
    Arvind Chitale418 days ago
    Retail investors have lost heavily. SEBI must act tough against promoters and directors. Yes Bank may see level of Rs.40 this month. Avoid
    amalesh bhattacharya419 days ago
    When GDP is down graded why speak specifically of poor YES bank
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