Union Bank of India – FCRs, BSR and CFS Raised

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised the Long-term Foreign Currency Rating (LT FCR) and Short-term Foreign Currency Rating (ST FCR) of Union Bank of India (UBI) to 'BBB-' and 'A3', respectively, from 'BB+' and 'B'. At the same time, CI Ratings has raised UBI's Bank Standalone Rating (BSR) to 'bb' from 'bb-' and the Core Financial Strength (CFS) rating to 'bb' from 'bb-'. The Extraordinary Support Level (ESL) of High is affirmed. The Outlook for the LT FCR and the BSR remains Stable.

Attachments

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