trending Market Intelligence /marketintelligence/en/news-insights/trending/jVhEqdvcCfIYEEz6K7lGYg2 content esgSubNav
In This List

Fitch upgrades Union de Banques Arabes et Francaises

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks


Fitch upgrades Union de Banques Arabes et Francaises

Fitch Ratings on June 1 upgraded the long-term issuer default rating of Paris-based Union de Banques Arabes et Françaises SA to A- from BBB+, with a stable outlook.

The agency also upgraded the bank's short-term issuer default rating to F1 from F2 and support rating to 1 from 2. Its viability rating of "bb" is unaffected.

The revisions of the issuer default and support ratings follows an upgrade of the long-term issuer default rating of Crédit Agricole Corporate & Investment Bank, which has a 47.01% stake in the company, to A+/stable from A/positive. It reflects Fitch's view that the ability of the Crédit Agricole Group unit to support UBAF has increased.