Moody’s downgrades Kenya credit rating on rising debt levels, expensive loans
3 days ago, 16:32
he move comes days after Fitch credit rating agency revised Kenya’s credit outlook to a positive at B+ score from a negative. According to Moody’s Kenya’s efforts to improve revenue collection and inject fiscal discipline are unlikely to be effective enough to stem a weakening fiscal trend. However, the agency maintains Kenya has a stable outlook. “At B2, risks are balanced and supportive of a stable outlook. Kenya retains strong fundamental economic strengths with a relatively diversified econo ...
Category: business finance