The Economic Times

India's Yes Bank AT-1 ruling won't impact ratings despite earnings hit, S&P says

Yes Bank faced a setback as India's Supreme Court overturned its write-off of 84 billion rupees in bonds. S&P Global Ratings stated the ruling would not impact its credit rating of the bank. The decision highlights procedural errors in the 2020 write-down process, which regulators had supported. Despite this ruling, Yes Bank is expected to maintain adequate capitalization in the future.