CRISIL reaffirms ratings of YES Bank's bonds

Ratings firm CRISIL has reaffirmed BBB rating on YES Bank’s over ~18,000-crore bonds on the back of continued support by the country's largest lender SBI.

The agency has assigned its ‘CRISIL Bbb/stable’ rating to the Tier II bonds (under Basel III) of ~13,941 crore and infrastructure bonds of ~3,780 crore of YES Bank, the recently bailed out lender said in a regulatory filing on Saturday.

CRISIL has also reaffirmed its ‘CRISIL A2’ rating on certificates of deposit of YES Bank. BBB ratings are of moderate safety with regard to servicing of financial obligations.