Global ratings agency Moodys has warned of a likely downgrade of credit and deposit scores of three Kenyan banks, citing the country’s deteriorating debt situation.
The agency said it had placed on review for downgrade the B1 global scale long-term local-currency deposit ratings and the b1 baseline credit assessment (BCA) of KCB Bank Kenya Limited (KCB Bank) #ticker:KCB, Equity Bank Kenya Limited (Equity Bank) #ticker:EQTY, and Co-operative Bank of Kenya Limited (Co-op Bank) #ticker:COOP.
