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United Bank for Africa (Lagos)
S&P Assigns 'B/B' Ratings and Stable Outlook on UBA Plc
International Rating Agency, Standard and Poor's (S&P) assigned its 'B' long term and 'B' short term global scale counterparty credit ratings to the United Bank for Africa Plc (UBA). These ratings on the pan African financial institution, United Bank for Africa (UBA) Plc, are at par with S&P ratings on the Nigerian Sovereign. More so, S&P's 'B' rating is the highest rating currently assigned to any Nigerian-based financial institution. More about UBA in this BRIEFING.
United Bank for Africa Plc (UBA) successfully raised USD500 million, though a debut Eurobond, which was 240% over-subscribed. The significant investor demand reflects the strong ... Read more »