SA agency withdraws Chase Bank credit rating

Chase Bank head office branch in Nairobi on April 27, 2016. FILE PHOTO | NMG

The Global Credit Ratings (GCR) has terminated rating for Chase Bank months after its collapse and issuance of Sh4.8 billion first tranche of a Sh10 billion bond.

The rating agency said Chase had failed to provide sufficient information to enable it do appropriate evaluation.

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