ICRA cuts rating of Yes Bank’s tier I bonds https://ift.tt/2ycAU8J - Walletnews For Me

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Wednesday, July 24, 2019

ICRA cuts rating of Yes Bank’s tier I bonds https://ift.tt/2ycAU8J

Rating agency ICRA has downgraded quasi-equity bonds issued by Yes Bank following a drop in the lender’s capital adequacy position. It also factors in the increase in stress, as reflected by the rise in risky loans in its portfolio.
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