S&P Ratings Unaffected by Yes Bank Bond Ruling
· Business · Economic Times, Moneycontrol
S&P Global Ratings confirmed that the Supreme Court of India's ruling against Yes Bank regarding an 84 billion rupee bond write-off will not impact the lender's credit rating. The court decision addressed procedural lapses in the 2020 write-down process, which the bank had previously defended. Despite the expected earnings hit, S&P projects that Yes Bank will maintain adequate capitalization through March 2028. The bank's risk-adjusted capital ratio is forecast to remain between 8.0% and 8.5%, well above regulatory minimums.
Why it matters
The maintenance of credit ratings provides stability for Yes Bank's investors and depositors, signaling that the bank's financial health remains resilient despite the legal setback.
Read the original report — Economic Times
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