We believe UCO Bank has a very high likelihood of receiving support from the Indian government, if needed. Sufficient capitalization, solid funding, and healthy liquidity will underpin the bank's credit quality over the next two years. We assigned our'BBB'long-term and'A-2'short-term issuer credit ratings to UCO Bank. The stable outlook on the long-term rating reflects our view that the India-based bank will maintain its good capitalization and funding and liquidity profile over the next two years. On Nov. 4, 2026, S&P Global Ratings assigned its'BBB'long-term and'A-2'short-term issuer credit ratings to UCO Bank. The outlook on the long-term rating is stable. Our ratings on UCO Bank reflect a very high likelihood of extraordinary support
