- Union Bank has been placed on Rating Watch Negative by Fitch Ratings for Issuer Default Ratings, Viability Rating, and National Ratings
- This comes after the CBN dissolved the board and management of three Nigerian banks, including Union Bank
- The rating agency, however, warned that Further regulatory action, fines, or other regulatory findings could further lead to a downgrade
Legit.ng journalist Zainab Iwayemi has over 3-year-experiences covering the Economy, Technology, and Capital Market.
Fitch Ratings has placed Union Bank of Nigeria PLC’s Issuer Default Ratings (IDRs), Viability Rating (VR), and National Ratings on Rating Watch Negative (RWN).
