Our credit view of Yes Bank Limited reflects its planned equity capital raise, which will strengthen its credit profile, and our view that its solvency and funding will improve gradually.
The bank will raise about $1.1 billion from funds affiliated with The Carlyle Group and Advent International, signaling increased investor confidence and access to external market funds.
Our credit view of Yes Bank Limited reflects its improved funding and profitability with stable capitalization, which has strengthened the bank's ability to withstand to asset-quality risks.
Our credit view of Yes Bank, reflecting the rating review because of the bank’s sizable exposure to weaker companies in the Indian finco sector, which is expected to come under stress.