SOFIA (Bulgaria), March 1 (SeeNews) - Fitch Ratings said it affirmed state-owned Bulgarian Development Bank's (BDB) Long-Term Issuer Default Rating (ID
Hong Kong: AIA Group s broad earnings sources enable very strong financial results -- Fitch asiainsurancereview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiainsurancereview.com Daily Mail and Mail on Sunday newspapers.
With the covid-19 pandemic still threatening global economies and altering hitherto established social orders, the world is looking to e-commerce as both today’s and tomorrow’s trade solution to overcome the drawbacks created by the pandemic.
Last December, in the midst of the pandemic and its many restrictions on movement, online purchase came in handy for my family. We had stocked up for the Yuletide but we needed to add more choice wines to our wine cellar and guaranty our power supply with a back-up generator. Having not been an e-commerce freak and still old-fashioned about shopping, my wife and I turned to our children for a guide in online shopping.
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Fitch Ratings has upgraded United Bank for Africa (Ghana) Limited s Long-Term Issuer Default Rating (IDR) to B from B- and Viability Rating (VR) to b from b- . The Outlook on the Long-term IDR is Stable.
The upgrade reflects the strengthening of the bank s capitalisation and leverage, as reflected in the increase in its tangible common equity/tangible assets ratio to 26% at end-9M20, from 18% at end-2019, notwithstanding heightened operating environment risks from the global pandemic.
IDRs AND VR
UBA Ghana s IDRs are driven by its standalone creditworthiness, as expressed by its VR. The ratings reflect the concentration of the bank s operations in the volatile Ghanaian operating environment, extremely high levels of impaired loans and company profile weaknesses. In addition, the ratings consider the bank s comfortable, and strengthened capital position, underpinned by its strong profitability, and solid liquidity position. The Ghanaian economy has fared comparatively