Yes Bank’s core equity ratio may fall to around 10% if past AT1 coupons are paid

The Economic Times reports Crisil Ratings said Yes Bank’s core equity ratio could fall to around 10% if it pays all past coupons on restored AT1 bonds, compared with roughly 11.5% if only the principal is reinstated. Whether the bank owes coupons for the roughly five-and-a-half years since the bonds were written down remains uncertain. Neither Crisil nor S&P expects an immediate ratings impact.