Shares of Yes Bank closed the day nearly 2 per cent lower on Friday after Moody’s Investors Service placed the company’s long-term foreign currency issuer rating of B2 under review, with the direction uncertain. The scrip dropped 1.75 per cent to close at Rs 39.25 on the . During the day, it plunged 6.88 per cent to Rs 37.20. On the NSE, it dipped 1.62 per cent to close at Rs 39.30.

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”.

“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.