Announced Mon, 27 Jul · 22:03 IST
Fitch assigns first-time BBB- rating to UCO Bank with stable outlook
Credit & Debt View source PDF
UCOBANK · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Fitch has assigned UCO Bank its first-ever Long-Term Issuer Default Rating of BBB- with a Stable outlook, matching India's sovereign rating. Also assigned: Short-Term IDR F3, Viability Rating bb, and Government Support Rating bbb-. Fitch cited 91 percent government ownership and strong likelihood of state support. UCO's CET1 ratio improved to 16.4 percent in FY26, and impaired loan ratio fell to 2.2 percent from 2.7 percent.
Likely market impact
First investment-grade rating validates bank credit profile; stable outlook with no immediate negative catalysts.