CRRH-UEMOA -- Moody's affirms the ratings of CRRH-UEMOA, changes the outlook to negative from stable
Rating Action: Moody's affirms the ratings of CRRH-UEMOA, changes the outlook to negative from stableGlobal Credit Research - 08 Mar 2022London, 08 March 2022 -- Moody's Investors Service ("Moody's") has today affirmed the following ratings of Caisse Regionale de Refinancement Hypothecaire de l'UEMOA (CRRH-UEMOA): the Ba2 long-term corporate family rating (CFR), the Ba2/Not Prime long and short-term local currency issuer rating, as well as the Ba3/Not Prime long and short-term foreign currency issuer rating. CRRH-UEMOA operates as a residential mortgage refinancing vehicle.A list of affected ratings is provided at the end of this press release.RATINGS RATIONALE-- AFFIRMATION OF RATINGS REFLECTS SOUND STANDALONE PROFILE AND PARENTAL SUPPORTMoody's affirmation of CRRH-UEMOA's long-term ratings reflects the company's strong asset quality underpinned by conservative structuring of its lending, matched asset-liability maturity combined with solid liquidity, and adequate capitalisation.
