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