Moody's downgrades Yes Bank after three director resignations 
Moody's has downgraded Yes Bank's ratings to non-investment grade and changed outlook to negative citing corporate governance concerns. Three Yes Bank directors, including Chairman Ashok Chawla, have resigned in the last two weeks. The resignations, when seen in conjunction with RBI's directive to restrict the term of CEO Rana Kapoor, have raised concerns over corporate governance, Moody's said.