Moody's places on review for downgrade the ratings of three Kenyan banks
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Moody's Investors Service, ("Moody's") has today placed on review for downgrade the B1 global scale long-term local-currency deposit ratings and the b1 baseline credit assessment (BCA) of three Kenyan banks: KCB Bank Kenya Limited (KCB Bank), Equity Bank Kenya Limited (Equity Bank), and Co-operative Bank of Kenya Limited (Co-op Bank). A full list of the banks' ratings affected by today's rating action is at the end of this press release.