Moody’s Maintains Long-Term Rating On Yes Bank

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New Delhi: Yes Bank on Tuesday said Moody’s Investors Service has maintained its long-term rating on the lender with a stable outlook.

“Moody’s Investors Service, vide its Credit Opinion dated July 18, has maintained long-term rating on Yes Bank Ltd at ‘Baa3/P-3’ with stable outlook,” Yes Bank said in a filing to the BSE.

Moody’s has consistently maintained the rating of ‘Baa3/P-3’ with stable outlook since it initiated coverage on Yes Bank in November 2010, it added.

‘Baa3’ stands for investment grade rating for bank deposits.

Prime-3 is a short-term rating applicable on short-term debt instruments, which have a maturity of less than a year, like commercial papers.