Yes Bank Surges 73% As Moody's Says Outlook Positive; Stock Up 150% In 3 Sessions

NEW DELHI: Shares of YES Bank climbed 73 percent in Tuesday’s trade after rating agency Moody’s upgraded the private lender’s outlook to positive (from negative) while also upgrading its rating by a notch.

"We upgraded YES Bank long-term foreign-currency issuer and foreign currency senior unsecured MTN program ratings to Caa1 from Caa3 and (P) Caa1 from (P) Caa3, respectively," Moody's Investors Service said post market hours of Monday.

By 10.57 am, the scrip jumped 73 percent

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2023-06-28 19:01:30