The financial rating agency Fitch Ratings, confirmed tuesday, January 19, the default rating of long-term issuers (IDR) of UBA Cameroon  S.A (UBA CAM) to "B-" with a stable outlook. At the end of this evaluation, the agency also mentioned that the  viability rating (VR) was confirmed at "b-".

The stable outlook for UBA CAM, she points out,  mirrors that of its parent bank, United Bank for Africa Plc (UBA; B/Stable). "We consider UBA to have a strong propensity to support UBA CAM, given its pan-African strategy and platform," Fitch noted, adding "a notch below the parent company." This is to reflect the limited contribution of the subsidiary on an individual basis to this strategy, "given its small size".

Therefore, the agency explains,  UBA CAM's role in the group has a strong influence on the rating.

The agency stressed that it had taken into account in its assessment several factors including  UBA's propensity to provide support to its Cameroonian subsidiary, but also the integration of management.