India, July 10 -- YES BANK has announced a series of positive rating actions from leading domestic and international credit rating agencies, reflecting the sustained strengthening of its credit profile.

S&P Global Ratings has assigned YES BANK an inaugural long-term issuer credit rating of 'BB+' with a Stable outlook - which is consistent with the 'Ba1' (Stable) that Moody's Rating had assigned while upgrading the Bank from 'Ba2' in May 2026. In assigning the rating, S&P has factored in expectation of ongoing and extraordinary support from Sumitomo Mitsui Banking Corporation (SMBC), the Bank's largest shareholder, underscoring the Bank's strategic importance to the SMBC group. This gives YES BANK a two-agency international ratings profil...