NO. 38


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"...