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. At the same time, CI Ratings has affirmed UCB's Bank Standalone Rating (BSR) of 'c'. The Outlook on both the LT FCR and BSR remains Stable. 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. UCB's LT and ST ratings on the Sudan National Scale of 'suA-' and 'suA2', respectively, have also been affirmed, with the Outlook remaining Stable. These are supported and constrained by the same factors that impact the Core Financial Strength (CFS) rating as outlined below.

Attachments

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