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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.
Investegate announcements from ASOS PLC, Director/PDMR Shareholding
Investegate announcements from ASOS PLC, Director/PDMR Shareholding