Yes Bank Ltd. announced that Moody’s Investors Service has reaffirmed various ratings for the bank, including its Long-Term Foreign Currency Issuer Rating of Ba1 with a Stable outlook, Long-term (Local and Foreign Currency) Deposit Rating of Ba1 with a Stable outlook, Baseline Credit Assessment (BCA) of Ba2, Senior Unsecured (Foreign Currency) Medium-Term Note Program of (P)Ba 1, Long-term (LT) foreign currency (FC) bank deposit ratings of Ba1 with a Stable outlook, Long-term (LT) FC issuer rating of Ba1, Long-term (LT) FC and LC Counterparty Risk Ratings (CRR) of Ba1, Long-term (LT) Counterparty Risk (CR) Assessment of Ba1(cr), Senior unsecured medium-term note program rating of (P)Ba1, Short-term (ST) FC and LC bank deposit ratings of NP, Short-term (ST) FC and LC CRR of NP, Short-term (ST) CR Assessment of NP(cr), LT Counterparty Risk Ratings of Ba1, Senior unsecured medium-term note program of (P)Ba1, Short-term (ST) FC bank deposit ratings of NP, Short-term (ST) LC bank deposit ratings of NP, Short-term (ST) FC CRR of NP, Short-term (ST) LC CRR of NP, Short-term (ST) CR Assessment of Ba1(cr), LT FC CRR of Ba1, LT CR Assessment of Ba1(cr), and BCA of ba2, which reflects a decline in core capital, unseasoned asset risk, and modest funding; Moody’s also noted potential for upgrades if the BCA is upgraded by more than one notch or if there is a higher level of affiliate support from SMBC or government support, and separately announced the reinstatement of its AT1 Securities following a Supreme Court decision upholding the Bombay High Court’s ruling regarding the write-down, clarifying that the legal process was not followed.