Credit rating agency -- S&P Global Ratings has assigned Union Bank of India’s long-term and short-term issuer credit rating at ‘BB+’ and ‘B’ respectively with stable outlook. The bank’s Standalone Credit Profile (SACP) assigned at ‘BB-’ and Bank's Senior Unsecured Notes (Long term) at ‘BB+’.
Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections. Its segments include treasury operations, corporate & wholesale banking, retail banking and other banking operations.
