Published on 17/07/2017 5:47:31 PM | Source: Dion Global Solutions Ltd.

Moody`s maintains long term rating on Yes Bank

Posted in Expert Views| #Yes Bank Ltd #Banking Sector #Expert Views

Private-sector lender, Yes Bank said that Moody’s Investor Service has maintained the international long term rating issued to the Bank at ‘Baa3/P-3’ with Stable outlook. “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” the Bank said in a filing to the Bombay Stock Exchange.

Moody’s has consistently maintained a rating of ‘Baa3/P-3’ with Stable outlook since it initiated coverage on Yes Bank in November 2010. Meanwhile, share of the Bank closed trading at Rs 1546.40 apiece, down 1.21 per cent from the previous close on BSE.