United Bank Limited - CFS Lowered; Other Ratings Affirmed

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has lowered the Core Financial Strength (CFS) rating of United Bank Limited (UBL) to 'b' from 'b+'. At the same time, CI Ratings has affirmed UBL's Long-Term Foreign Currency Rating (LT FCR) of 'C+', Short-Term Foreign Currency Rating (ST FCR) of 'C', Bank Standalone Rating (BSR) of 'c' and Extraordinary Support Level (ESL) of Moderate. The Outlook for all ratings is Stable.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (Pakistan, United Bank Limited)
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