ICRA upgrades Yes Bank bonds to AA/Stable from AA-

Rating UpgradedCredit & Debt View source PDF

YESBANK · price

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Price reaction · full curve 14 horizons · vs prior close

+0.5%1-day move

₹23.67

prior close

₹23.90

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.1+0.0-0.0+0.1+0.5-0.3-0.3+0.3-0.6-1.9————

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AI summary

ICRA upgraded Yes Bank's Infrastructure Bonds and Basel III Tier II Bonds from AA-/Stable to AA/Stable, citing improved financial profile, better asset quality (GNPAs at 1.3%, down from 1.6%), and SMBC's 24.9% stake acquisition. PAT rose to Rs 3,476 crore in FY26 from Rs 2,406 crore. Tier I bonds retained at D as they were already written off. Total rated amount stands at Rs 20,800.8 crore.

Likely market impact

Positive for shareholders. Rating upgrade reflects stronger credit profile and may lower future borrowing costs for the bank.