UCOBANK

UCO BANK: FITCH ASSIGNS FIRST-TIME 'BBB-' RATING WITH STABLE OUTLOOK ⭐️🏦 • 🌍 Fitch Ratings assigned UCO Bank its first-ever Long-Term Issuer Default Rating (IDR) of 'BBB-' with a Stable Outlook • 🇮🇳 Rating is driven by the high likelihood of extraordinary government support, reflecting the Government of India's 91% stake in the bank • 📈 Fitch expects an improving operating environment for Indian banks, supported by stronger regulation, supervision and India's robust economic growth outlook • 💪 Fitch highlighted UCO Bank's improved asset quality, capitalisation and profitability, with structural improvements supporting its standalone credit profile • 🌾 Strong retail franchise with ~3,400 branches and focus on Retail, Agriculture & MSME (RAM) lending, while secured lending helps mitigate risks • ✅ Fitch expects asset quality to remain stable, with impaired loans around 2% until FY28, supported by strong provisioning and tighter underwriting standards 🟢 Impact: Positive (An investment-grade international rating with a Stable Outlook strengthens UCO Bank's credibility and could support future funding and business growth.)