Kenya assets risk seizure by Chinese — Moody's

A passenger train arrives at the Kibwezi station, Makueni County on July 22, 2018. A large segment of the debt is linked to construction of the Standard Gauge Railway (SGR). PHOTO | FILE | NMG

Kenya is among countries at the highest risk of losing strategic assets to China over the pile of debt it owes Beijing, global ratings firm Moody’s Investor Service has said in a newly-released report that has raised eyebrows in public finance circles.

Moody’s says in the report that China’s response to sub-Saharan Africa countries facing liquidity pressure has not been uniform or transparent - meaning predictability of credit implications are less clear.