News Bites

S&P's latest verdict on UDC

Monday 23rd of September 2019

UDC has had its credit rating increased from BBB to 'BBB+ and its outlook is recorded as stable.

S&P says the upgrade reflects UDC's improved risk-adjusted capital ratio, which makes it more likely that the finance company will maintain very strong capital levels over the next 12 months at least.

The agency says its ratings reflect UDC's current ownership structu...

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