Corporate News 08-Feb-21
Brickwork Ratings withdraws ratings to Yes Bank's Tier I Subordinated Perpetual Bonds
On account of redemption of the rated instrument
Yes Bank announced that Brickwork Ratings (BWR) has withdrawn the ratings of Tier I Subordinated Perpetual Bonds (Basel II) of Yes Bank. The rating withdrawal is on account of redemption of the rated instrument. Yes Bank has redeemed the said instrument by exercising the call option on 30 December 2020. BWR has received the payment confirmation from the trustee and has also received the request for withdrawal of rating from the bank.
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