Yes Bank Shares Decline Over 4% After Long Term Rating Placed On Rating Watch Negative

Yes Bank shares headed lower in Thursday's trade even as there have emerged no concrete plans on its fund raising.

The decline in shares comes as the credit rating agency India Ratings and Research maintains long term issuer rating of A on "rating watch- negative". Also, at the same time, the company has removed its short term issuer rating of 'A1'.

Stock of Yes Bank was last trading down by 4% at Rs. 39.55 per share, while it recorded an intra-day low of Rs. 39.40.

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