Yes Bank Limited has informed the Exchange about Credit Rating

ICRA has upgraded Yes Bank's long-term ratings on Infrastructure Bonds and Basel III Tier II Bonds from [ICRA]A (Positive) to [ICRA]AA- (Stable), covering a total rated amount of Rs 24,460.80 crore. The outlook has been revised from Positive to Stable. Basel III Tier I Bonds remain at [ICRA]D as they were already written down during the 2020 restructuring. Some bonds (Rs 1,000 crore infrastructure bonds and Rs 554.20 crore Basel III Tier II bonds) were withdrawn as they have been redeemed. The upgrade reflects steady growth in the bank's scale of operations, improving loan book granularity with retail/MSME share rising to 59%, declining stressed assets, continued recoveries from security receipts, and improving profitability (PAT grew from Rs 1,251 crore in FY24 to Rs 2,406 crore in FY25). GNPA improved to 1.58% from 1.73%. The planned stake acquisition by Sumitomo Mitsui Banking Corporation (SMBC), which will become the single largest shareholder, also supported the upgrade.