Yes Bank drops after Moody’s downgrade

Yes Bank drops after Moody’s downgrade

by admin- Friday, December 6th, 2019 04:08:04 PM

Shares of Yes Bank slipped almost 6% touching to Rs. 58.40, after global rating company Moody’s on December 05, downgraded the scores of the non-public region lender with a ‘bad’ outlook, mentioning asset fine concerns and the shrinking capital. The corporation said the bank’s declare to have obtained investor hobby to the track of $2 billion has “enormous execution risks across the timing, price, and regulatory approvals”.

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