ECRL affirms AA-B (Pronounced as ‘Double A Minus Bond’) to UCB – Fourth Subordinated Bond

Emerging Credit Rating Limited (ECRL) has affirmed AA-B (Pronounced as ‘Double A Minus Bond’) long term credit rating to United Commercial Bank Limited’s (UCBL) Fourth Subordinated Bond (hereinafter referred to as “The Subordinated Bond” or “The Bond” or “The Issue”) issuance of BDT 8,000.00 million in face value. The outlook on the rating is Stable. The rating is consistent with ECRL’s methodology for this type of financial institutions and bond rating.