Moody’s Ratings affirms Unibank’s B1 ratings with a stable outlook

Moody's Ratings affirmed Unibank B1 long-term local and foreign currency bank deposit ratings and maintained the stable outlook.

Concurrently, Moody’s affirmed the bank’s b2 Baseline Credit Assessment (BCA) and Adjusted BCA, NP short-term local and foreign currency bank deposit ratings, the bank’s B1/NP long-term and short-term local and foreign currency Counterparty Risk Ratings (CRRs) and the B1(cr)/NP(cr) long-term and short-term Counterparty Risk Assessments (CR Assessments).

“The affirmation of the ratings reflects Unibank’s materially improved asset quality, robust profitability and limited reliance on market funding,” the bank said in a news release.