Moody’s downgrades Kenya credit rating over rising debt level

National Treasury of Kenya. Global rating agency Moody’s has downgraded Kenya’s credit scores, citing pressure from the country’s rising debts. PHOTO FILE | NATION

Global rating agency Moody’s has downgraded Kenya’s credit scores, citing pressure from the country’s rising debts.

The assessment adds voice to rising concerns over the possible impact of heavy borrowing on Kenya’s future.