Moody's affirms stable outlook for Kenya's top three banks

Ratings agency Moody’s has given a stable outlook for Kenya’s three largest banks, reflecting their systemic importance and solid capital buffers, while warning that high levels of bad loans remain a key risk to the sector. 

In a report published on Monday, Moody’s said KCB Bank Kenya, Equity Bank Kenya and Co-operative Bank of Kenya all carry long-term deposit ratings of “B3” with a stable outlook.

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Ratings agency Moody’s has given a stable outlook for Kenya’s three largest banks, reflecting their systemic importance and solid capital buffers, while warning that high levels of bad loans remain a key risk to the sector. 

Follow The Standard
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