Fitch warns three EAC members risk lower rating downgrade

Fitch said that public debt burdens in the east African region are rising fast and to a higher level than other emerging markets. PHOTO | FILE | NMG

Kenya, Uganda and Rwanda risk rating downgrade as they continue to take up new loans to tackle the Covid-19 pandemic, warns rating agency Fitch.

In its assessment of the debt situation, Fitch said that public debt burdens in the region are rising fast and to a higher level than other emerging markets.