karasinga wrote:CFCconsider exiting in the coming leg north. Tentatively around 86, disclaimer
What does these imply
just, once more, tightened its monetary
policy," the statement said.
@FitchRatings Affirms @StanbicKE at 'BB-'; Outlook Negative
Kenyan Economy
Fitch Ratings-London-27 June 2017: Fitch Ratings has affirmed Stanbic
Bank Kenya Limited's (SBK) Long-Term Issuer Default Rating (IDR) at
'BB-' with a Negative Outlook. A full list of rating actions is at the
end of this rating action commentary.
KEY RATING DRIVERS
IDRS, SUPPORT RATING AND NATIONAL RATINGS
SBK's IDRs, Support Rating (SR) and National Ratings are driven by a
moderate probability of support from its ultimate parent, South
Africa-based Standard Bank Group (SBG; BB+/Stable), which indirectly
owns 60%. The bank's IDRs are constrained by the Kenyan Country
Ceiling of 'BB-'. If not for this, Fitch would most likely rate SBK
one notch below SBG.