Fitch revises PTA Bank to positive

Fitch Ratings said it revised Eastern and Southern African Trade and Development Bank's (formerly PTA Bank) outlook to positive from stable and affirmed the long-term issuer default rating at BB.

The short-term issuer default rating was affirmed at B.

Fitch said the outlook revision reflects the bank’s improving credit profile underpinned by consistent progress in the last two years, in particular the improvement in capitalization metrics, and the bank's shift to a more cautious lending strategy, which should translate, in the medium-term, into moderately stronger capitalization.

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