Daily FT·Sep 11, 2024·Credit rating actionNegative
Fitch revises UB Finance’s Outlook to Negative; affirms rating at ‘BB’Fitch revised the Outlook on UB Finance PLC (UBF) to Negative and affirmed its National Long-Term Rating at 'BB(lka)'. The change reflects a similar Outlook downgrade for its parent, Union Bank of Colombo PLC (UBC), which owns 89.9% and provided a June 2024 capital infusion.
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