Fitch upgrades United Arab Bank's Viability Ratings to 'bb-'; affirms Long-term Ratings at 'BBB+’, outlook Stable

The United Arab Bank (UAB) announced that Fitch Ratings has affirmed its Long-Term Issuer Default Rating (IDR) at 'BBB+' with a Stable outlook and upgraded its Viability Rating (VR) to 'bb-' from 'b+'.The upgrade of the VR reflects the bank’s improved asset quality and profitability metrics, which ...