Moody's alters Trade and Development view to stable

Moody's Investors Service said it changed the outlook on Eastern and Southern African Trade and Development Bank to stable from negative and affirmed the Baa3 long-term issuer and senior unsecured debt ratings and the (P)Baa3 senior unsecured medium-term note program rating.

“The change in outlook to stable takes into account TDB's improved liquidity position and increasingly diversified funding sources. It also reflects the resilience of TDB's capital position despite a challenging operating environment aggravated by the pandemic,” Moody’s said in a press release.

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