Moody’s: African banks maintain significant exposures to their respective sovereigns

PUBLISHED: Fri, 02 Oct 2020 09:54:05 GMT


Moody’s says the rising pressure on African governments caused by the coronavirus pandemic is weighing on the domestic banks. According to the ratings agency, this is because the creditworthiness of the banks is firmly linked to the financial strength of the government in the country where they are based. Constantinos Kypreos, Senior Vice President at Moody’s joins CNBC Africa for more….

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