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(The following statement was released by the rating agency) LONDON, December 18 (Fitch) Fitch Ratings has upgraded United Bank for Africa Plc (UBA)'s Viability Rating (VR) to 'b' from 'b-'. Its Long-term Issuer Default Rating (IDR) of 'B+', Support Rating (SR) of '4' and Support Rating Floor (SRF) of 'B+' have been affirmed. The Outlook is Stable. The upgrade reflects the bank's sustained reduction in leverage in conjunction with capital ratios being in line with peers. We expect capital ra
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Added December 18, 2015
from Reuters Nigeria