Moody’s maintains long-term rating on YES Bank

Moody’s Investors Service has maintained its long-term rating on YES Bank 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 a rating of ‘Baa3/P-3’ with stable outlook since it had initiated coverage on YES Bank in November 2010, it added.

Shares of YES Bank were trading at Rs 1152.50, down 1.89 per cent on the BSE.