- KCB Bank Kenya, Equity Bank Kenya, and Co-operative Bank of Kenya downgraded to Caa1
- High exposure to government debt and challenging operating environment cited
Nairobi, Kenya – Moody’s Ratings has downgraded the long-term deposit ratings of three Kenyan banks: KCB Bank Kenya, Equity Bank Kenya, and Co-operative Bank of Kenya Limited, citing the weakened credit profile of the government.
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