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26 December, 2024 20:00 IST
Moody's maintains Yes Bank's int'l rating at Baa3

Yes Bank, one of the leading private sector bank, announced to report that Moody’s Investor Service has maintained its long term rating on Yes Bank at 'Baa3 / P-3' with 'stable' outlook. (Unchanged). Moody’s has consistently maintained a rating of 'Baa3 / P-3' with 'stable' outlook since it initiated coverage on Yes Bank in November 2010.

Recently, the bank has signed a memorandum of understanding with SIDBI under the partial risk sharing facility (PRSF) for financing energy efficiency projects program. The pact is the latest endeavor in Yes Bank's continuing commitment towards financing and promoting clean energy projects. The PRSF has been sponsored by the World Bank with the support of global environment facility (GEF) and clean technology fund (CTF).

Shares of the bank declined Rs 6.95, or 0.59%, to trade at  Rs 1,167.80.  The total volume of shares traded  was  22,369 at the BSE (10.33 a.m., Tuesday).

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