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Maroc Maroc - KDRTV.CO.KE - A La Une - 09/Jul 07:22

Moody’s Credit Ratings Downgrades Kenya’s Ratings To Caa1 After Rejection Of Finance Bill

Moody’s Ratings has downgraded Kenya’s ability to access external credit, citing the government’s inability to manage its ballooning debt. In a statement on Monday, July 8, Moody’s said the downgrade of Kenya’s rating reflects significantly diminished capacity to implement revenue-based fiscal consolidation that would improve debt affordability and place debt on a downward trend. The […]

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