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It further said the potential credit risk to the bank&wholesale PET injection molding machine39;s senior creditors is uncertain, because there are a number of diverse scenarios that could affect the rating in either positive or negative directions."Yes Bank is in discussions with a number of investors to raise new equity capital, which would be credit positive if executed successfully.

Moody's said adding that "If the bank successfully recapitalises and repairs and cleans its balance sheet, its ratings could stabilise or face upward pressure". Moody's said it has also placed the bank's long-term foreign and local currency bank deposit ratings of B2, and "its foreign currency senior unsecured MTN program rating of (P) B2, under review, with the direction uncertain."

Moody's Investors Service has placed Yes Bank's long-term foreign currency issuer rating of B2 under review, with the direction uncertain, citing "slowness in raising new capital". It further said that "because the viability of the bank absent a large capital injection is # in question, Moody's has downgraded the bank's standalone credit profile or its BCA to caa2 from b3.Moody's has downgraded Yes Bank's Baseline Credit Assessment (BCA) and adjusted BCA to caa2 from b3."The placing of Yes Bank's deposit rating of B2 under review reflects Moody's expectation that the bank's standalone viability is getting increasingly challenged by its slowness in raising new capital," the US-based agency has said in a statement