United Capital Bank - Ratings Affirmed

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of United Capital Bank (UCB) at 'C+' and 'C', respectively. The LT FCR Outlook remains Negative. At the same time, CI Ratings has affirmed the Bank Standalone Rating (BSR) of 'c' with a Negative Outlook. The difference between the LT FCR and BSR reflects differences between the two rating scales ('+' and '-' modifiers are not assigned to 'c' category BSRs) rather than any extraordinary support considerations. CI has also affirmed UCB's LT and ST Ratings on the Sudan National Scale at 'suA-' and 'suA2' with a Negative Outlook.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (Sudan, United Capital Bank)
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