Moody’s likely to revise Kenya credit score downwards
National Treasury of Kenya. Moody’s told The EastAfrican that Kenya’s economic and political situation is under review for a potential downgrade of the country’s credit status. PHOTO FILE | NATION
Credit ratings agency Moody’s is planning to downgrade Kenya’s credit- worthiness as the government wavers in putting in place measures to deal with persistent budget deficits and rising public debt.
Moody’s told The EastAfrican that Kenya’s economic and political situation is under review for a potential downgrade of the country’s credit status, but declined to issue timelines on when such a policy decision would be made public.
