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Fitch Affirms UBA’s Rating At ‘B’, Stable Outlook

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International rating agency, Fitch Ratings has affirmed United Bank for Africa (UBA) Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’ with a Stable Outlook, just as it also affirmed its Viability Rating (VR) at ‘b’ and National Long-Term Rating at ‘A+(nga)’. SMACIN GRACEFULL TEAM Fitch Affirms UBA’s Rating At ‘B’, Stable Outlook ADVERTISEMENT ADVERTISEMENT Fitch, in its rating note, said it has withdrawn UBA’s Support Rating and Support Rating Floor as they are no longer relevant to the agency’s coverage following the publication of its updated Bank Rating Criteria on 12 November 2021. ADVERTISEMENT ADVERTISEMENT “In line with the updated criteria, we have assigned UBA a Government Support Rating (GSR) of ‘no support’ (ns). ADVERTISEMENT ADVERTISEMENT ADVERTISEMENT “UBA’s IDRs are driven by its standalone creditworthiness,

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