YES BANK RECEIVES ICRA AA (HYB) RATING FROM ICRA FOR BASEL III AT1 BONDS OF INR 3,000 CRORE

YES BANK RECEIVES ICRA AA (HYB) RATING FROM ICRA FOR BASEL III AT1 BONDS OF INR 3,000 CRORE

Mumbai, March 27, 2017:

YES BANK, India’s 5th largest private sector Bank has announced that it has received rating of ICRA AA (hyb) with Stable Outlook from ICRA ratings for INR 3,000 Crores of Basel III Compliant AT1 (Additional Tier-1) Bonds. The detailed rating rationale is available at: LINK

YES BANK’s AT-1 Bond is already rated CARE AA with Stable Outlook from CARE Ratings and Ind AA with Stable Outlook from India Ratings & Research (a Fitch Group Company).

Also, ICRA has upgraded YES BANK’s INR 280 Crore Issue of Basel III AT1 Bonds from ICRA A+ (hyb) to ICRA AA (hyb). The detailed rating rationale is available at: LINK

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