Moody's assigns first-time ratings to Kenya Commercial Bank
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Moody's Investors Service has today assigned first-time ratings to Kenya Commercial Bank Limited (KCB): B1/Not Prime global local and foreign currency issuer ratings; B1/Not Prime local-currency deposit ratings; B2/Not Prime foreign currency deposit ratings (constrained by Kenya's B2 country ceiling for such foreign currency deposits); and a b1 standalone baseline credit assessment (BCA) and b1 adjusted BCA. The outlook on the long-term issuer and deposit ratings is stable. Moody's also assigned a Counterparty Risk Assessment (CR Assessment) of Ba3(cr)/Not Prime(cr).