Yes Bank Limited — Credit Ratings, 14-08-2025: Credit Rating- Revision

CRISIL has upgraded YES Bank's Infrastructure Bonds and Basel III Tier II Bonds to 'CRISIL AA-/Stable' from 'CRISIL A+/Stable', while reaffirming its Certificate of Deposits rating at 'CRISIL A1+'. This upgrade signals an improved credit risk profile, indicating enhanced financial health and stability. For the bank, this generally translates into a lower cost of borrowing for future debt issuances and can boost investor confidence. It also provides greater strategic flexibility by making capital access more efficient, reinforcing the bank's operational strength in the market.