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Fitch revises outlook on Eastern and Southern African Trade and Development Bank

Fitch Ratings on Oct. 5 revised the outlook on Burundi-based Eastern and Southern African Trade and Development Bank to positive from stable and affirmed its long- and short-term issuer default ratings at BB/B.

The agency also affirmed the bank's national long-term rating at AAA(ken), with a stable outlook.

The outlook revision reflects an improvement in the bank's credit profile, including its capitalization metrics, and its shift to a more cautious lending strategy, which the agency expects to lead to moderately stronger capitalization in the medium term.