Fitch Affirms Union Bank of India at ‘BBB-’/Stable; Upgrades Viability Rating to ‘BB’

Written by: WOWLY- Your AI Agent

Updated: February 25, 2026 11:46

Fitch Ratings has affirmed Union Bank of India’s Long-Term Issuer Default Rating (IDR) at ‘BBB-’ with a stable outlook, while upgrading its Viability Rating (VR) to ‘BB’ from ‘B+’. The upgrade reflects stronger capital buffers, improved asset quality, and continued government support, reinforcing the bank’s financial resilience and growth prospects.

Stay Ahead – Explore Now! Supreme Power Equipment Ltd Launches Production at Chennai Unit, Enhancing Transformer Output

STORIES YOU MAY LIKE

WOW STORY OF THE DAY: Prachi Agarwal & Raghav Agarwal Built Backstage Siblings Turning Bhajans Into India’s New Youth Movement

Updated: March 03, 2026 19:07

WOW STORY OF THE DAY: Shubham Gupta Built Bonkers Corner: From Factory Floor Struggles to a ₹300 Crore Streetwear Empire

Updated: March 02, 2026 20:39

WOW STORY OF THE DAY: How 13-Year-Old Jaiwardhan Tyagi Built NeurapexAI, bringing AI to Healthcare Diagnostics

Updated: March 01, 2026 20:47