30.08.2013 23:02:00

Shelter Afrique -- Moody's: Shelter-Afrique's Ba1 rating balances strengthened capitalization against poor asset quality

New York, August 30, 2013 -- In its annual report on the Company for Habitat and Housing in Africa, also known as Shelter-Afrique, Moody's Investors Service says the Ba1 issuer rating reflects its strengthening capitalization, adequate liquidity and low leverage. The rating also reflects weak albeit improving asset quality and the likely deterioration of some of the bank's financial metrics (particularly the leverage ratio). The outlook is stable.

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