East African Development Bank (Uganda)

Image placeholder
East African Development Bank (2021-09)
  • East African Development Bank (Uganda)
  • Year : Oct 2021
3 Tokens
USD 300.00
Summary

The operating environment factors in concentration of developmental exposures to a relatively stronger grouping of East African countries, a less diverse sovereign membership base, and adequately demonstrated track record of preferential treatment, which we think is evidence of the relevance and importance of this institution to its shareholders. However, the balance sheet is exposed to the high operating environment risks of East Africa. We believe these risks remain elevated, reflecting the direct and indirect impact of the COVID-19 pandemic.

Additional Information

The outlook is stable reflecting our opinion that the Bank has capacity to carry out its mandate considering the pandemic, supported by a strong balance sheet. The ratings could be lowered if the strength of shareholders reduce, or if the mandate track record diminishes on the back of a sustained reduction of the Bank’s development book, substantial deterioration in capital, credit losses exceed our expectations, and/or there is an increase in funding and liquidity risks.

Related Publication

East African Development Bank (2021-09)

The operating environment factors in concentration of developmental exposures to a relatively stronger grouping of East African countries, a less d...

East African Development Bank (2021-09)

The operating environment factors in concentration of developmental exposures to a relatively stronger grouping of East African countries, a less d...

Three months in, the challenges are increasing but indications suggest that larger corporates may weather the storm.

  • GCR expects performance across almost all corporate sectors to remain weak for the remainder of 2020 due to a collapse of consumer confidence....
Available Purchase Options: