Fitch affirms PTA Bank

Fitch Ratings said it affirmed the Eastern and Southern Africa Trade and Development Bank's (PTA Bank) long-term issuer default rating at BB- and its short-term issuer default rating at B.

The outlook is stable.

The ratings rely primarily on the support from its shareholders, Fitch said.

The ratings also take into account the conservative risk policies and the high liquidity of the bank, which partly mitigate its relatively weak asset quality, the agency added.

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