The Support Level is ‘3’, reflecting the high likelihood of support from KIPCO. UGB’s Financial Strength Rating (FSR) is maintained at ‘BBB’.
The ratings are underpinned by improved leverage and strong debt repayment record, sound capital …Read full article » Bahrain: Saturday, June 29 - 2013 @ 09:25
Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed Bahrain-based United Gulf Bank’s (UGB)’s Long and Short-Term Foreign Currency ratings at ‘BBB’ and ‘A3’, respectively, on the grounds of the Bank’s …Read full article » : Saturday, June 21 - 2014 @ 11:40
While UGB’s ratings continue to be underpinned by the support demonstrated by its parent KIPCO, the rating action reflects KIPCO’s recently weaker financial standing coupled with its diminished ability to support UGB’s business operation at …Read full article » Kuwait: Tuesday, August 03 - 2010 @ 13:13
CI had assigned a ‘Positive’ Outlook to the FSR at the last review, due to the Bank’s improving financial fundamentals at that time.
While the Bank has continued to strengthen its performance in many areas, …Read full article » United Arab Emirates: Tuesday, July 16 - 2013 @ 13:57
The Support Rating is unchanged at 3. The Financial Strength rating is maintained at BBB, with UAB’s very good profitability, strong capital adequacy and sound asset quality among the major factors supporting the rating. …Read full article » United Arab Emirates: Wednesday, August 04 - 2010 @ 09:43
The Financial Strength rating is maintained at ‘BBB’ with UAB’s strong profitability and high capital adequacy being major factors supporting the rating. A ‘Stable’ Outlook is appended to all the ratings despite the decline …Read full article » United Arab Emirates: Thursday, July 21 - 2011 @ 11:05
A ‘Positive’ Outlook is appended to the FSR in view of the rising coverage ratio. However, an upgrade would require a stronger coverage ratio than at end 2011 and other key ratios to be …Read full article » United Arab Emirates: Tuesday, July 17 - 2012 @ 15:29
The long-term rating indicates good credit quality with satisfactory capacity for timely fulfilment of financial obligations. The A2 rating suggests very strong capacity for timely repayment over the short-term which may be affected slightly …Read full article » United Arab Emirates: Wednesday, May 28 - 2008 @ 12:21
The high non-performing loan (NPL) ratio and comparatively low coverage are constraining factors.
A ‘Stable’ Outlook is appended to the FSR in view of the expectation of stability in its asset quality metrics. UNB’s Foreign Currency …Read full article » United Arab Emirates: Saturday, June 29 - 2013 @ 09:30
Capital Intelligence (CI), the international credit rating agency, announced that it has maintained Union National Bank’s (UNB) Financial Strength Rating (FSR) at ‘A+’ with its solid capital, good liquidity and profitability and improving asset quality …Read full article » : Monday, June 30 - 2014 @ 11:49