SAO PAULO (S&P Global Ratings) Feb. 26, 2026--S&P Global Ratings today said it assigned its 'BB' issue rating to Ueno Bank S.A.'s (BB/Stable/--) proposed senior unsecured notes, to be issued in U.S. dollars and with an up to five-year tenor, subject to market conditions. The bank will use the proceeds for general corporate purposes, including financing growth opportunities and credit origination. Our rating on the notes is at the same level as our issuer credit rating on Ueno Bank because of the notes' seniority. We don't expect the issuance to change our view of the bank's funding profile, as we expect it to represent up to 15% of the bank's funding. Moreover, we expect Ueno's dollar-denominated assets to continue to
