Yes Bank rating upgrade: Moody’s lifts Yes Bank to Ba2 on stronger buffers, cites lower NPAs, better provisioning
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Moody's Ratings has upgraded Yes Bank's long-term deposit ratings to Ba2, driven by improvements in the bank's credit profile, including capital adequacy and loan loss reserves. The agency also raised Yes Bank’s Baseline Credit Assessment to ba3, reflecting strengthened loss-absorption buffers. While noting unseasoned risks from rapid expansion, the ratings also factor in expected systemic support from the Indian government. What's Your Reaction?
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