We believe United Bank for Africa PLC (UBA) will continue to maintain sound earnings and asset quality over the next 12 months, despite the sluggish economy in Nigeria and the high economic risk in other parts of Africa where the group operates. We are affirming our 'B/B' and 'ngBBB/ngA-2' ratings on UBA. The stable outlook reflects that on Nigeria and our expectation that the group's financial profile will remain broadly stable in the next 12 months. On Nov. 16, 2017, S&P Global Ratings affirmed its long- and short-term global scale issuer credit ratings on Nigeria-based United Bank For Africa PLC (UBA) at 'B/B'. The outlook is stable. At the same time, we affirmed our long- and short-term Nigeria national scale
