Moody's changes Eastern and Southern African Trade and Development Bank's outlook to positive, ratings affirmed
London, 01 March 2017-- Moody's Investors Service, has changed the outlook of Eastern and Southern African Trade and Development Bank-- also known as' PTA Bank' and' Trade and Development Bank'-- to positive from stable, affirming the Ba1 long-term issuer rating. The key driver behind Moody's decision to place the credit on positive outlook is the bank's improving asset quality performance, reflecting structural improvements in the bank's risk management and loan origination...
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