Union Bank of India’s issuer credit rating reaffirmed at BBB/Stable by S&P Global Ratings
- Credit rating
- Banks
Union Bank of India has told the exchanges on 7 Oct 2026 that S&P Global Ratings, on 6 Oct 2026, reaffirmed its issuer credit ratings at BBB with a Stable outlook and A-2 for the short term. The filing shows a stand-alone credit profile of bbb- and an anchor of bbb-, and identifies the instrument by ISIN INE692A01016.
S&P’s report, dated 6 Oct 2026, was filed with the intimation. The report itself states that it does not constitute a rating action, and its score snapshot lists items such as business position, capital and earnings, and risk position.
Inference
The bank’s own stand-alone profile is a notch below the issuer rating, which shows that the BBB rating includes a degree of support. The filing does not set out what that support is.
Reference: Original filing (PDF)
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