Fitch Assigns ‘A+(tha)’ Rating to United Overseas Bank (Thai)’s AT1 Notes
Fitch Ratings has assigned an ‘A+(tha)’ rating to United Overseas Bank (Thai) Public Company Limited’s (UOBT, AAA(tha)/Stable) upcoming issue of Thai baht-denominated Additional Tier 1 (AT1) notes. The notes will be subordinate to the bank’s senior and Tier 2 obligations, and will be included in the bank’s regulatory ratios as AT1 capital. KEY RATING DRIVERSThe […]
