FitchRatings has upgraded U.B.A.F. Long-term IDR to A - , on 01 June 2017.

Long-term IDR: upgraded to “A-” from “BBB+”; stable outlook
Short-term IDR: upgraded to “F1” from “F2”
Support Rating: upgraded to “1” from “2”
Viability Rating: unaffected at “bb”

U.B.A.F. S.A. is a French registered bank established in 1970. Its shareholders originate from 19 Arab countries along with Crédit Agricole Corporate & Investment Bank.

With its international network in Asia, in the Arab world and in Europe, U.B.A.F. has become a key player in the area of Trade Finance with Arab countries.

U.B.A.F. is able to meet with the needs of both importers and exporters and to secure the flows of payments and goods from industrial or trade commodity companies.

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