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RPT: Fitch Affirms UBA Group Rating at 'B-'; Outlook Stable

June 24, 2023

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 Plc Long United Bank National Long Central Bank National Ratings

Source: naija247news.com

Fitch affirms UBA's B- rating with stable outlook

June 16, 2023

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 |

National Long Plc Long Central Bank Fitch Ratings United Bank Long Term Issuer Default Rating

Source: naija247news.com

Fitch affirms UBA's B- rating with stable outlook

June 12, 2023

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.

Central Bank Multimedia Group Fitch Ratings National Long United Bank Plc Long

Source: myjoyonline.com