After issuing two downgrade warnings since June 11, global rating agency Moody's on Wednesday yanked down private sector lender Yes Bank's ratings to junk status with a negative outlook, citing the lower-than-expected capital raising from the recent QIP issue and the plunging share prices that's a hurdle in raising more funds.
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Wednesday 28 August 2019
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Moody's downgrades Yes Bank with negative outlook
Moody's downgrades Yes Bank with negative outlook
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