Kenya shilling coins and notes are pictured inside a cashier’s booth at a forex exchange bureau in Kenya’s capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya/File Photo

NAIROBI, July 9 (Reuters) – Kenya’s shilling was steady on Tuesday, with dollar supply and importer demand matching, traders said.

At 0721 GMT, commercial banks quoted the shilling at 127.75/128.75 per dollar, unchanged from Monday’s closing.

Traders said there was no immediate reaction in the foreign exchange market to Moody’s downgrading Kenya’s sovereign rating deeper into junk territory on Monday.

(Reporting by George Obulutsa; Editing by Bate Felix)