ICRA downgrades Yes Bank’s long-term rating with negative outlook

Credit Rating agency ICRA has downgraded Yes Bank’s rating on bonds and infrastructure debt.The rating was downgraded due to deterioration in the credit quality of large borrowers. A bond also known as a fixed-income security is a debt instrument created for the purpose of raising capital.They are essentially loan agreements between the bond issuer and… Continue reading ICRA downgrades Yes Bank’s long-term rating with negative outlook

Post fund infusion, ICRA revises rating for 6 PSBs

Credit Rating agency,ICRA has revised the outlook of six public sector banks,of which five are positive revisions.The ratings were revised after the capital infusion in these banks by the government. Earlier,RBI had also removed them from Prompt Corrective Action (PCA) after the infusion of capital in these banks.PCA is a process or mechanism to ensure… Continue reading Post fund infusion, ICRA revises rating for 6 PSBs