Shares of Yes Bank rose via four% to Rs. Thirteen.Fifty five, after Moody’s Investors Service upgraded the lender’s score.
Moody’s Investors Service has upgraded Yes Bank’s lengthy-time period overseas-forex issuer score and lengthy-term overseas and neighborhood forex bank deposit scores to B2 from B3. The rating upgrade is due to the fact the financial institution’s investment and liquidity have substantially advanced inside the past 12 months, which has strengthened depositor and credit score confidence inside the bank.
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