Remember my post what i said about yes bank... Always remember if a stock price is cracking to panic levels and even below every support it means there are fundamental problems and fundamentally weak and negative stocks are very very hard to recover
Moody's downgrades Yes Bank's credit rating, places issuer ratings under review Moody's also placed Yes Bank's long-term foreign currency issuer rating of B2, long-term foreign and local currency bank deposit ratings of B2, and its foreign currency senior unsecured MTN program rating of (P)B2, under review, with the direction uncertain.
The bank assured its customers about its liquidity and stability. According to its press release, capital adequacy ratio is above regulatory requirement. The stock settled 0.5% higher after advancing as much as 3% intraday.