INSUBCONTINENT EXCLUSIVE:
companies will negatively impact the credit profile of Yes Bank, given the bank's sizeable exposure to weaker companies in the sector,"
fears of a crisis in the shadow banking sector.The sector has been reeling under a liquidity crunch triggered by a series of defaults at
major lender Infrastructure Leasing and Financial Services last year.At March-end, Mumbai-based Yes Bank's exposure to housing finance
per cent direct exposure to the commercial and residential real estate sector, which is also under pressure.The rating agency said it was
reviewing the rating on several of the bank's debt instruments, including its foreign currency issuer rating of 'Ba1'.Moody's expects
"significant" pressure on the bank's asset quality, and therefore, profitability and capital position
It, however, expects the impact to be cushioned by the bank's proactive loan loss provisioning.The lender posted a surprise loss for the
fourth quarter in April, hurt by a surge in provisions
That prompted brokerage Macquarie Research to set a rare double-downgrade on the company's stock and triggered a massive sell-off in the
