Union Bancaire pour le Commerce et l'Industrie - Outlook Revised to Negative from Stable

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 Union Bancaire pour le Commerce et I'Industrie (UBCI) at 'B' and 'B', respectively. However, the Outlook for the LT FCR has been revised to Negative from Stable. At the same time, CI Ratings has affirmed UBCI's Bank Standalone Rating (BSR) at 'b' but revised the BSR Outlook to Negative from Stable. The Bank's Core Financial Strength (CFS) rating of 'bb-' and Extraordinary Support Level (ESL) of Uncertain have both been affirmed.

Attachments

• Rating Announcement (CRA)
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