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Credit Reports
Over 1500 reports, spanning 22 countries, detailing GCR’s opinion regarding the creditworthiness of an entity, a security or financial instrument, or an issuer of securities or financial instruments.
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A collection of publications, providing you with key industry analysis and insights across various geographical regions.
Monitoring Updates
Dashboards exhibit key performance metrics related to Structured Finance transactions publicly rated by GCR, which include credit enhancement levels, excess spread, defaults, recoveries and covenants.
| Filename | UDB-Credit-Rating-Report-March-2023.pdf |
| Filesize | 231.19 KB |
| Version | paid report |
| Date added | March 30, 2023 |
| Category | Credit Rating Reports, Financial Institution |
| Tags | Uganda |
Uganda Development Bank Limited (UDB) was established as the country’s development finance institution through the Uganda Development Bank Act of 1972, with an overarching goal of promoting the country’s economic development. Accordingly, the bank is wholly owned by the Government of Uganda and the National Planning Authority identifies priority sectors worth investing in that will push for Uganda’s achievement of middle-income status by 2040. In this regard, the bank has the following 4 developmental mandates:
1. Profitably promote and finance viable economic development in Uganda by assisting in the establishment, expansion, and modernization of key sectors as well as by providing advice to clients as it relates to establishing and expanding businesses in these sectors.
2. Provide finance in the form of short, medium, and long term secured loans.
3. Acquire shareholding in viable businesses.
4. Make funds available for reinvestment by selling any investment of the company when and as appropriate.