Fitch places Union Bank rating watch as new management assumes office in Nigeria zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Union Bank's national ratings, viability rating (VR), and issuer default rating (IDR) have all been placed on Rating Watch Negative (RWN) by Fitch Ratings.
The development follows the Central Bank of Nigeria's (CBN) recent announcement of dissolving the board and management of three Nigerian banks, including UBN,