Yes Bank Ltd. has announced rating actions from multiple agencies, with CRISIL Ratings upgrading the ratings on its Infrastructure Bonds from 'Crisil AA-/Stable' to 'Crisil AA+/Stable' and Tier II Bonds (Under Basel III) from 'Crisil AA-/Stable' to 'Crisil AA+/Stable'. CRISIL reaffirmed the rating of 'Crisil A1+' for Certificate of Deposits, while withdrawing ratings on certain Tier II Bonds totaling Rs. 3,345 crore (via MCA) and Rs. 2,800 crore (via SEBI). S&P Global assigned Yes Bank its highest ESG score for the fourth consecutive year and included it in the Sustainability Yearbook, recognizing it as the only Indian bank featured. Additionally, SMBC has increased its ownership stake to 24.9%, and CRISIL reassessed Yes Bank, citing expected support from SMBC, while noting a potential adverse impact on CET 1 due to a Supreme Court judgement regarding write-offs.
