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Global Credit assigns strong rating to KCB

Kenya Commercial Bank has a strong headroom to finance big projects in East Africa on the back of high capital and liquidity buffers, Global Credit Ratings has said.

The African-focused rating agency assigned an AA rating for KCB in the long term and A1+ in the short term with respect to its ability to bankroll capital-intensive projects, the highest rating for a Kenyan bank accorded by Global Credit Ratings (GCR).

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