VOL. XL
No. 29
21-July-1997
UAE
Thomson Bankwatch Rates UNB
On 17 July the US ratings agency Thomson Bankwatch assigned first-time ratings to UnionNational Bank (UNB) of Abu Dhabi. The ratings are:
Intra-Country Issuer Rating | IC-B |
Short-Term Local Currency Debt Rating | LC-1 |
Senior Debt Rating | A- |
UNB commenced its operations in 1991 after the renaming of the Bank of Credit andCommerce Emirates, an affiliate of the failed Bank of Credit and Commerce International(BCCI). The bank is...
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