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Corporate News 07-Apr-22

Yes Bank receives upgrade in ratings for various bonds

From CARE

Yes Bank has received upgrade in credit ratings from CARE for the bank's instruments as follows:

Infrastructure Bonds (Rs 5000 crore) - CARE BBB+; Positive (revised from CARE BBB; Positive)

Lower Tier II Bonds (Rs 1059.70 crore) - CARE BBB+; Positive (revised from CARE BBB; Positive)

Tier II Bonds (Basel III) (Rs 8900 crore) - CARE BBB+; Positive (revised from CARE BBB; Positive)

Upper Tier II Bonds (Rs 704.10 crore) - CARE BBB+; Positive (revised from CARE BB+; Positive)

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