CI - Capital Intelligence (Cyprus) Limited

03/14/2019 | Press release | Distributed by Public on 03/14/2019 03:33

Union Bank of India’s Ratings Affirmed with a Stable Outlook

14 March 2019 | Country: India | Bank: Union Bank of India


Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the Financial Strength Rating (FSR) of Union Bank of India (UBI) at 'BB-'. The rating is constrained by the Bank's high level of non-performing loans (NPLs), low loan-loss reserve (LLR) coverage ratio and weak capital buffers, a severely impaired capital base, low earnings and ongoing credit risks in certain sectors to which the Bank has exposures.


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