Yes Bank rating upgraded to AA plus by CareEdge
YESBANK · price
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CareEdge Ratings upgraded Yes Bank long-term bond ratings (Infrastructure and Tier II Bonds) from CARE AA- to CARE AA+ with Stable outlook, and reaffirmed Certificate of Deposits at A1+. Reasons include improving asset quality (GNPA down to 1.30% from 1.60%), steady advances growth of 11%, stronger deposit base, and stable margins. Capital adequacy at 15.30% with SMBC holding 24.90% as largest shareholder providing long-term capital support. PAT rose 42% to Rs 3,476 crore in FY26.
Rating upgrade signals improved financial health and lower perceived risk. May lower borrowing costs and boost investor confidence in the stock.