Tag Archives: S&P

S&P Downgrades Union Bank On Weak Asset Quality

S&P lowered its long-term issuer credit rating on Union Bank of India to ‘BB+’ from ‘BBB-‘. Mumbai:¬†International ratings agency Standard & Poor’s (S&P) on Friday lowered its long-term issuer credit rating on Union Bank of India (UBI) to ‘BB+’ from ‘BBB-‘, citing weak asset quality, but retained a stable outlook on the state-run lender. “We are lowering our long-term issuer ... Read More »