Moody’s cuts Yes Bank rating over governance - Times of India
27 Nov 2018 5:00 PM GMT
India Business News: MUMBAI: Moody?s has downgraded Yes Bank, citing developments surrounding the transition in leadership as well as governance issues that complicate imp.
- MUMBAI: Moody’s has downgraded Yes Bank , citing developments surrounding the transition in leadership as well as governance issues that complicate implementation of the lender’s long-term strategy.
- Besides downgrading the bank, the rating agency has also revised the outlook to negative, indicating that an upgrade is unlikely.
- To improve its rating outlook to stable, the bank will need to maintain its asset quality ratio even after RBI’s risk-based supervision exercise.
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