YES Bank share price hit 5 percent after CARE Ratings

YES Bank share price hit 5 percent after CARE Ratings

YES, Bank share price hit 5 percent upper circuit on BSE on November 10 after CARE upgraded the bank's debt instruments rating.

CARE Ratings have revised its rating on private lender YES Bank's debt instrument. The rating agency has revised the bank's infrastructure bonds rating to 'CARE BBB' from previous 'CARE B'.

Also, CARE revised its outlook to 'Stable' from the previous "Under Credit watch with Developing Implications" on the above-mentioned instruments. It has also given 'CARE BB+' rating each on YES Bank's Upper Tier II Bonds and Perpetual Bonds (Basel II) from previous 'CARE D'.