@CapitalFMNews

Moody’s downgrades Kenya credit rating on rising debt levels, expensive loans

3 days ago, 16:32

By: Kennedy Kangethe

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 ...
Read More


Category: business finance

Suggested

23 hours ago, 11:26
@BusinessDaily - By: Reuters
Ethiopia says state of emergency will last six months

Since January, Ethiopia has released more than 6,000 prisoners charged with taking part in mass protests ...

Category: business news lifestyle economy corporate opinion markets
1 day ago, 10:52
@BusinessDaily - By: James Ngunjiri
KRA sues two hides traders over Sh204m tax evasion

They are accused of under declaring the weight and measure of wet cow hides meant for export ...

Category: business economy news lifestyle markets opinion corporate
1 day ago, 10:16
@BusinessDaily - By: Geoffrey Irungu
Moody’s downgrades KCB, Equity and Co-operative banks

Move follows weakening of the government's credit profile ...

Category: business news lifestyle economy opinion corporate markets
10 hours ago, 01:18
@AfricaNews - By: Africanews
Chad feels the sting of government economic measures | Africanews

The year 2018 started in a very bad way for many households in Chad. ...

Category: africa topnews news africa_business business
10 hours ago, 01:18
@AfricaNews - By: Africanews
Nigerian government sells $ 2.5 billion Eurobonds | Africanews

Revamp its economy by reducing the costs of using bank notes. ...

Category: africa topnews news africa_business business
2 days ago, 10:40
@BusinessDaily - By: Brian Ngugi
BAT net profit drops 21.2pc as sales slump

Cigarette maker posts a net profit of Sh3.3 billion in the period compared with Sh4.2 billion a year earlier ...

Category: business news corporate economy opinion lifestyle markets

@CapitalFMNews

Moody’s downgrades Kenya credit rating on rising debt levels, expensive loans

3 days ago, 16:32

By: Kennedy Kangethe
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 ...
Read More

Category: business finance

Suggested

23 hours ago, 11:26
@BusinessDaily - By: Reuters
Ethiopia says state of emergency will last six months

Since January, Ethiopia has released more than 6,000 prisoners charged with taking part in mass protests ...

Category: business news lifestyle economy corporate opinion markets
1 day ago, 10:52
@BusinessDaily - By: James Ngunjiri
KRA sues two hides traders over Sh204m tax evasion

They are accused of under declaring the weight and measure of wet cow hides meant for export ...

Category: business economy news lifestyle markets opinion corporate
1 day ago, 10:16
@BusinessDaily - By: Geoffrey Irungu
Moody’s downgrades KCB, Equity and Co-operative banks

Move follows weakening of the government's credit profile ...

Category: business news lifestyle economy opinion corporate markets
10 hours ago, 01:18
@AfricaNews - By: Africanews
Chad feels the sting of government economic measures | Africanews

The year 2018 started in a very bad way for many households in Chad. ...

Category: africa topnews news africa_business business
10 hours ago, 01:18
@AfricaNews - By: Africanews
Nigerian government sells $ 2.5 billion Eurobonds | Africanews

Revamp its economy by reducing the costs of using bank notes. ...

Category: africa topnews news africa_business business
2 days ago, 10:40
@BusinessDaily - By: Brian Ngugi
BAT net profit drops 21.2pc as sales slump

Cigarette maker posts a net profit of Sh3.3 billion in the period compared with Sh4.2 billion a year earlier ...

Category: business news corporate economy opinion lifestyle markets
Our App