ICRA upgrades Yes Bank bond ratings to AA with Stable outlook

Rating UpgradedCredit & Debt View source PDF Explain this filing

YESBANK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.3%Reaction day

₹23.67

prior close

₹23.90

announcement price

After-mkt

timing

Nifty Midcap 150market+1.4%-0.1% vs market

Private Sector Bank peers, median of 19sector+1.6%-0.4% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Midcap 150 and 0.4 pts less than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

+0.0

15m

-0.0

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.3+1.4-0.1+1.6-0.4

Next day

+0.5+1.4-0.9+2.5-2.1

-0.3+0.9-1.2+1.3-1.6

-0.3+1.3-1.6+2.2-2.6

+0.3+0.9-0.6+1.7-1.3

-0.6+0.5-1.1+2.1-2.6

-1.9+1.4-3.3+4.3-6.2

15d

-3.8+1.2-5.0+1.5-5.3

-3.9+2.7-6.6+0.9-4.8

-5.8+0.2-6.0+0.1-5.8

-13.6-5.4-8.2+0.1-13.7

UpDownMarket · Nifty Midcap 150Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ICRA upgraded Yes Bank's Infrastructure Bonds and Basel III Tier II Bonds from AA- to AA with Stable outlook. Rationale cites improved financial profile, rising share of granular loans, better asset quality (gross NPAs at 1.3%, net NPAs at 0.2%), and SMBC's 24.9 percent stake acquisition in September 2025 making it the largest shareholder. Profit after tax rose to Rs 3,476 crore in FY2026 from Rs 2,406 crore. Tier I capital ratio stands comfortable at 13.78 percent. Basel III Tier I bonds reaffirmed at D as these were already written down. Ratings on matured bonds withdrawn.

Likely market impact

Positive for shareholders. Rating upgrade signals stronger financial health and institutional backing from SMBC, supportive of stock sentiment. Supreme Court ruling on AT-1 bond writeback remains a key monitorable risk.