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CARE puts Yes Bank' bonds worth ₹21,000 cr on 'credit watch'

Feb 26, 2020 15:26 IST

CARE Ratings has placed Yes Bank's bonds worth more than ₹21,000 crore on credit watch with negative implications. The ratings for tier two and infrastructure bonds has been downgraded from 'A' to 'A-'. The ratings have been revised on account of continued uncertainty related to quantum and timeline of raising equity capital. Further, the bank has delayed the publishing of the financial results for the quarter ended December 31, 2019.

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