Hold 8/6/2018Upgraded
United Bancorporation of Alabama, Inc. (UBAB) was upgraded to C from C- on 8/6/2018 due to an increase in the total return index and solvency index.

Hold 1/2/2018Downgrade
United Bancorporation of Alabama, Inc. (UBAB) was downgraded to C- from C on 1/2/2018 due to a decline in the solvency index and valuation index. Debt to equity increased from 0.22 to 0.46.

Hold 8/19/2016Upgraded
United Bancorp. of Alabama, Inc. (UBAB) was upgraded to C from on 8/19/2016 due to a significant increase in the solvency index, valuation index and volatility index.