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KCB profile improves on credit ratings boost

NAIROBI: Kenya Commercial Bank (KCB) has received high ratings from ratings agencies Moody’s, and Standard and Poor’s, lifting the lender’s profile as East Africa’s largest commercial bank by asset base.

S&P gave the lender a ‘B+/B’ long-term and short-term credit rating, while Moody’s gave it a B1 rating, with both agencies giving KCB a stable outlook.

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