Moody's reviews Trade and Development Bank for trim

Moody's Investors Service said it placed Eastern and Southern African Trade and Development Bank's Baa3 issuer and senior unsecured ratings on review for downgrade.

“The decision to place TDB's ratings on review for downgrade is driven by material risks to TDB's capital adequacy and liquidity. TDB's large outstanding loan exposure to the government of Zambia (Ca stable), for which a debt restructuring appears increasingly likely, raises the risk of losses for TDB with negative implications for our assessment of asset quality performance,” the agency said in a press release.

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