CRDB Bank Plc -- Moody's downgrades Tanzanian banks following downgrade of Government of Tanzania rating; changes outlook to stable
Published on: Friday 16 October 2020
Moody's Investors Service, ("Moody's") has today downgraded to B2 from B1 the long-term local currency deposit ratings of two Tanzanian banks, CRDB Bank Plc (CRDB) and NMB Bank PLC (NMB). Moody's has also changed the outlook on the banks' ratings to stable from negative.
