trending Market Intelligence /marketintelligence/en/news-insights/trending/NOS2Ieq_BwPKH_hN1OtB6Q2 content esgSubNav
In This List

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

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Banking Essentials Newsletter: September Edition


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.