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Fitch rates Stanbic Bank Uganda

Fitch Ratings on May 17 assigned Stanbic Bank Uganda Ltd. B+/B long- and short-term issuer default ratings, with a stable outlook on the long-term rating.

The agency also assigned the bank a support rating of 4, a "b" viability rating and national long- and short-term ratings of AAA(uga)/F1+(uga). The outlook on the national long-term rating is stable.

The Uganda bank is a unit of South Africa-based Standard Bank Group Ltd.