Moody downgrades GCB to B2

Moody’s Investors Service on Wednesday lowered the Ghana Commercial Bank’s global local-currency long-term deposit ratings to B2, from B1, and the foreign-currency deposit ratings to B3, from B2, saying outlook is negative. “The outlook on these ratings remains negative. Concurrently, the E standalone bank financial strength rating, which is equivalent to a B2 baseline credit ... Read Full Story