News From Press Mutual fund houses hold Rs 3,494 crore in Yes Bank’s further downgraded papers

Mutual fund houses hold Rs 3,494 crore in Yes Bank’s further downgraded papers

On July 24, ICRA downgraded Basel III Additional Tier I Bond from A (negative) to BBB+ (negative) and Basel II Lower Tier II Bond from AA- (negative) to A+ (negative).

Economic Times Jul 26, 2019

Eleven mutual fund houses hold Rs 3,494 crore in Yes Bank papers which got downgraded again today, shows data from MFI Explorer. The Yes Bank papers have been downgraded by ICRA twice since May.

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