Moody's places Yes Bank's ratings under review; direction uncertain - Plus Company Updates (PCU)
17-Jan-2020 05:23:50 PM
New York City: Moody's Investors Service has issued the following news release:
Moody's Investors Service has today placed Yes Bank Limited's long-term foreign currency issuer rating of B2 under review, with the direction uncertain.
Moody's has also placed the bank's 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.
At the same time, Moody's has downgraded Yes Bank's Baseline Credit Assessment (BCA) and adjusted BCA to caa2 from b3.