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Some Ulster Bank Ireland ratings downgraded by Fitch Updated / Thursday, 11 Mar 2021 18:21 Ulster Bank said last month that it was beginning a phased withdrawal from the Republic of Ireland Ratings agency Fitch has downgraded Ulster Bank Ireland's (UBI)  Long-Term Issuer Default Rating and Support Rating. It said the cuts follow the announcement last month by the bank's parent NatWest Group (NWG) that it intends to withdraw from the Republic of Ireland. "This reflects its conclusion that UBI is not in a position to sustainably achieve acceptable returns over the group's planning horizon," t...

SOFIA (Bulgaria), March 1 (SeeNews) - Fitch Ratings said it affirmed state-owned Bulgarian Development Bank's (BDB) Long-Term Issuer Default Rating (ID

Fitch affirms United Bulgarian Bank at 'A-', revises outlook to positive UBB/All rights reserved SOFIA (Bulgaria), March 2 (SeeNews) - Fitch Ratings said it affirmed United Bulgarian Bank's (UBB) Issuer Default Rating (IDR) at 'A-' and revised its outlook to positive from stable. The outlook revision reflects a similar action on Bulgaria's rating outlook earlier this month, Fitch said in a statement on Monday. UBB's Viability Rating was unaffected by the rating action. Fitch also said in a statement: "KEY RATING DRIVERS IDR and Support Rating UBB's IDRs and Support Rating (S...

Sterling hits $1.40 for first time in nearly 3 years Published 2 months ago By Ritvik Carvalho LONDON (Reuters) – Sterling hit $1.40 against the dollar for the first time in nearly three years on Friday, as analysts continued to bet Britain’s quick pace of vaccinations will lead to an economic rebound from the country’s worst crash in output in 300 years. At 0857 GMT, the pound was at $1.4005 against the dollar, up 0.2% on the day. That level was its highest since April 2018. The pound is the best performing G10 currency this year, up 2.3% against the dollar as investors bet that Brita...

Oil extends losses as Texas prepares to ramp up output Published 2 months ago By Devika Krishna Kumar NEW YORK (Reuters) – Oil prices fell for a second day on Friday, retreating further from recent highs as Texas energy companies began preparations to restart oil and gas fields shuttered by freezing weather. Brent crude futures were down 33 cents, or 0.5%, at $63.60 a barrel by 11:06 a.m. (1606 GMT) U.S. West Texas Intermediate (WTI) crude futures fell 60 cents, or 1%, to $59.92. This week, both benchmarks had climbed to the highest in more than a year. “Price pullback thus far appears c...