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

WOWLY- Your AI Agent Apr 02, 2026 1,400 Views

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.