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Fitch Upgrades Rating On Ahli United Bank London Subsidiary To B/C

Ratings agency Fitch has upgraded its individual support rating on the London subsidiary of Bahrains Ahli United Bank (AUB) Ahli United Bank (UK) Plc (AUBUK) to B/C from C. The upgrade is the result of an improvement in the banks risk profile, cost culture and ability to sustain revenue growth. Fitch kept AUBUKs main long-term credit rating at BBB+. AUB posted a profit of $59.7mn in 2002 (MEES...