Union Bank of India - CFS Raised, Other Ratings Affirmed

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised the Core Financial Strength (CFS) rating of Union Bank of India (UBI) to 'bb-' from 'b+'.  At the same time, CI Ratings has affirmed UBI's Long-Term Foreign Currency Rating (LT FCR) of 'BB+', Short-Term Foreign Currency Rating (ST FCR) of 'B', Bank Standalone Rating (BSR) of 'bb-' and Extraordinary Support Level (ESL) of High.  The Outlook for the LT FCR and BSR is Stable.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (India, Union Bank of India)
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