Default Ratings News Today

Union Bank of Nigeria has notified its customers, associates, and significant stakeholders that it will keep up its excellent service and seamless operations.

Union Bank's national ratings, viability rating (VR), and issuer default rating (IDR) have all been placed on Rating Watch Negative (RWN) by Fitch Ratings.

This rating action commentary replaces the version published on 6th June 2023 to correct the capitalisation and leverage score. Fitch Ratings has affirmed United Bank for Africa (UBA) Plc's Long-Term Issuer Default Rating (IDR) at 'B-' with a Stable Outlook. Fitch has also affirmed the bank's National Long-Term Rating at 'A+(nga)' and assigned a Stable |

Fitch Ratings has affirmed United Bank for Africa (UBA) Plc’s Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. It has also affirmed the bank’s National Long-Term Rating at ‘A+’ and assigned a Stable Outlook. According to Fitch, UBA Issuer Default Ratings (IDRs) are driven by its standalone creditworthiness, as expressed by its |

According to Fitch, UBA Issuer Default Ratings (IDRs) are driven by its standalone creditworthiness, as expressed by its 'b-' Viability Rating (VR). The VR is constrained by Nigeria's Long-Term IDRs of 'B-', due to the bank's high sovereign exposure relative to capital and the concentration of its operations in Nigeria.

Fitch Ratings has assigned Minor International Public Company Limiteds (MINT) US dollar guaranteed senior perpetual capital securities a final rating of BBB. The final rating reflects the credit enhancement provided to investors by the unconditional and irrevocable guarantee from Thailand-based Bangkok Bank Public Company Limited (BBL, BBB/Stable) acting through its Singapore branch. The final rating is in line with the expected rating assigned on 8 July 2021 and follows the receipt of final do...

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Security Analytical conclusion The ‘AA’ IDR and the GO rating reflect the city’s superior gap-closing capacity, healthy financial margins, solid expenditure flexibility, moderate-to-low long-term liability burden, and strong long-term revenue growth prospects. Economic resource base Paso Robles is located in San Luis Obispo County midway between San Francisco and Los Angeles in the Central Coast region. The city, with a population of about 32,000, is a popular wine country destination and...

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