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Fitch publishes corrected version of UBA Rating, affirms group at B- , outlook stable

Fitch publishes corrected version of UBA Rating, affirms group at B- , outlook stable
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RPT: Fitch Affirms UBA Group Rating at B- ; Outlook Stable

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 |

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Fitch affirms UBA s B- rating with stable outlook

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 |

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Fitch affirms UBA s B- rating with stable outlook

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.

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Fitch Affirms Sterling Bank at B- ; Outlook Stable

Fitch Affirms Sterling Bank at B- ; Outlook Stable
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