Lagos, 14 September 2022 – GCR Ratings (“GCR”) has placed Union Bank of Nigeria Plc’s Series 2 national scale long-term issue rating of BBB+(NG) on Rating Watch Evolving. Issue Rating class Rating scale Rating Outlook/Watch N6.3bn Series 2 Senior Unsecured Long Term Issue National BBB+(NG) Rating Watch Evolving Rating Rationale The Series 2 bonds (“the...
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