Mumbai, July 17, 2017: YES BANK’s International Long-Term Rating issued by Moody’s Investor Service, remains UNCHANGED at ‘Baa3 / P-3’ with ‘Stable’ outlook as updated vide Moody’s Credit Opinion dated July 17, 2017.
Moody’s has consistently maintained a rating of ‘Baa3 / P-3’ with ‘Stable’ outlook since it initiated coverage on YES BANK in November 2010.
Link to the latest Credit Opinion and Rating Rationale is provided below:
About YES BANK
YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 29 states and 7 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/