REG - YES Bank Limited - Update on Credit Ratings-Moody’s Investors & ICRA

Yes BankAnnouncement

05/08/2022 12:30

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RNS Number : 1235V  YES Bank Limited  05 August 2022

YBL/CS/2022-23/Int/16

 

August 5, 2022

 

 India International Exchange IFSC Limited       The Singapore Exchange Securities Trading Limited

 101 First Floor, Hiranandani Signature Tower,   2, Shenton Way #19-00

 GIFT City IFSC - 382355, Gujarat, India         SGX Centre 1, Singapore 068804
 The London Stock Exchange

 10, Paternoster Square,

 London, EC4M 7LS

 

Dear Sirs,

 

Sub.:  Update on Credit Ratings by Moody's Investors Service & ICRA

 

In terms of Regulation 30 of the Indian Listing Regulations, we would like to
update on:

 

1.   Press release issued by Moody's Investors Service titled "Moody's
upgrades Yes Bank's rating to Ba3 from B2; changes outlook to stable".
Summarizing rating action as below:

 Particulars                                                             Rating Action
 Long-Term Foreign Currency Issuer Rating, Long-term (Local and Foreign  Upgraded to Ba3 from B2
 Currency) Deposit Rating

                                                                         (Outlook changed to Stable from Positive)
 Baseline Credit Assessment (BCA) and Adjusted BCA                       Upgraded to b1 from b3
 Senior Unsecured (Foreign Currency) Medium-Term Note Program            Upgraded to (P) Ba3 from (P) B2

 

2.   Press release issued by ICRA titled "Ratings upgraded/reaffirmed;
outlook revised to Positive from Stable". Summarizing rating action as below:

 Instrument                           Rating Action
 Infrastructure Bond,                  ICRA A-(Positive); upgraded from  ICRA BBB(Stable) and outlook revised to

                                    Positive from Stable
 Basel II - Lower Tier II Bond
 Basel III - Tier II Bond              ICRA A-(Positive); upgraded from  ICRA BBB-(Stable) and outlook revised to

                                    Positive from Stable

 Basel II - Tier I Bond,               ICRA BBB+(Positive); upgraded from  ICRA BB+ and outlook revised to Positive

                                    from Stable
 Basel II - Upper Tier II Bond
 Basel III - Additional Tier I Bond*   ICRA D; reaffirmed
 Basel III - Additional Tier I Bond    ICRA BB(Positive); upgraded from  ICRA C and Positive outlook assigned

* Was written down as a part of the restructuring of liabilities

We request you to kindly take the same on your record. The press release on
ratings and the rationale is enclosed herewith.

 

The same is also being hosted on the Bank's website at www.yesbank.in
(http://www.yesbank.in)

 

You are requested to take the same on record and acknowledge the receipt.

 

Thanking you,

 

Yours faithfully,

For YES BANK LIMITED

Shivanand R. Shettigar

Company Secretary

 

Encl: As above

http://www.rns-pdf.londonstockexchange.com/rns/1235V_1-2022-8-5.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1235V_1-2022-8-5.pdf)

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