S&P upgrades Kenya's credit rating to 'B' on easing liquidity risks

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Thomson Reuters

Global credit ratings agency S&P upgraded Kenya's long-term sovereign credit rating to 'B' from 'B-' on Friday, citing reduced near-term external liquidity risks.

Robust export earnings and diaspora remittances have bolstered Kenya's foreign exchange reserves, helping ease pressures related to high external imbalances, the rating agency said in a statement.

S&P upgrades Kenya's credit rating to 'B' on easing liquidity risks

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