Moody's affirms stable outlook for Kenya's top three banks

Moody's says KCB Bank Kenya carries long-term deposit ratings of "B3" with a stable outlook. [File, Standard]

Ratings agency Moody's has given a stable outlook for Kenya's three largest banks, reflecting their systemic importance and solid capital buffers, while warning that high levels of bad loans remain a key risk to the sector. 

In a report published on Monday, Moody's said KCB Bank Kenya, Equity Bank Kenya and Co-operative Bank of Kenya all carry long-term deposit ratings of "B3" with a stable outlook.