Moody’s reduced Yes Bank rating, how much will account holders lose?

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New Delhi. Moody’s Investors Service downgraded Yes Bank Yes Bank Ltd. rating on Friday. The Reserve Bank has stopped Yes Bank Yes Bank from paying liabilities for 30 days, after which the rating was reduced. Moody’s reduced Yes Bank Limited’s long-term foreign exchange issuer rating from B2 to CAA3 and said “the rating will remain under review with an uncertain direction.”

Moody’s has also downgraded the bank’s long-term foreign and local currency bank deposit rating. Moody’s also said that he fully expected that the depositors would suffer the least. The rating agency said, “RBI’s assurances to protect the interests of depositors provide full confidence that depositors’ risk of loss is low.”

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