VOL. XXXVII
NO. 38
20-JUNE-1994
Financial and Banking News
Regional Banking
UBAF-London Upgraded By IBCA
IBCA, the London-based rating agency, has upgraded UBAF Bank Ltd. to B/C fromC citing improved profitability, good LDC debt exposure and the elimination ofoverdue interest payments as a major determinant of overall profitability.IBCA's "B" rating describes a bank with a sound risks profile andwithout significant problems which has generally performed in line with orbetter than its peers. A "C"...
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